Changes in Trove token sale rules caused a Polymarket trader to lose over $73,000

GateNewsBot

2026-01-12 03:50:04

Odaily Planet Daily reports that according to The Poly Nerd monitoring, Trove updated its contract five minutes before the token sale ended, extending the deposit deadline to January 20. Subsequently, Polymarket’s order book showed large buy orders ranging from 100,000 to 300,000 shares from project-related wallets. Trove initially announced on X platform that the sale was extended by 5 days, causing a surge in odds within the high fundraising range. Later, they posted that the extension was canceled and the original plan would be maintained, trapping many traders. One trader invested $89,000 near the close in an attempt to earn a $200 profit, and is now facing losses exceeding $73,000.

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