Trove Markets Accused of $10 Million HYPE Token Dump Amid Fraud Concerns

Trove Markets is facing mounting scrutiny after allegedly dumping over $10 million in $HYPE tokens within a 24-hour period. The Web3 decentralized perpetual exchange is built on Hyperliquid’s HIP-3 protocol. These tokens, originally acquired for staking to launch the DEX, were sold from a wallet linked to the project, raising suspicions of insider manipulation and undermining community trust. Trove Markets Faces Allegations Over $10 Million HYPE Dump The project had raised $20 million through an initial coin offering (ICO) to secure 500,000 $HYPE tokens, a stake required for permissionless deployment under Hyperliquid’s HIP-3 protocol source: https://beincrypto.com/trove-markets-hype-token-dump-fraud-investigation/