A change in Trove token sale rules caused a Polymarket trader to lose over $73,000
According to Odaily, The Poly Nerd monitoring shows that Trove updated its contract five minutes before the end of the token sale, extending the deposit deadline to January 20. Subsequently, Polymarket's order book saw massive buy orders ranging from 100,000 to 300,000 shares from wallets related to the project. Trove first announced on X that the sale would be extended by 5 days, causing the odds in the high fundraising range to soar. Later, they posted again to say the extension was canceled and the original plan would be maintained, resulting in many traders being trapped. One trader invested $89,000 near the close in an attempt to earn a $200 profit and is now facing a loss of over $73,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Adidas achieves record revenue in the third quarter, with Greater China growing by 13%, signaling channel expansion
Adidas has continued its growth momentum in the Chinese market, with channel partners beginning to show a stronger willingness to expand stores. On October 29, Adidas released...
The Bank of Japan keeps its benchmark interest rate unchanged at 1.25%, warns of increasing risks of inflation overshooting, and maintains a gradual rate hike stance.
The Bank of Japan stated that core inflation has reached a level consistent with its price target and is expected to remain around this level. Medium- and long-term inflation expectations are maintained at approximately 2%. The central bank also emphasized the need to pay special attention to the risk of inflation deviating upward and becoming a reality.
User growth hits record high in Q3, but revenue "loses steam": Citi maintains neutral rating on Pinterest (PINS.US)
Pinterest's Q3 revenue and profits fell short of expectations, with weak monetization in Europe dragging down guidance. Citi maintains a neutral rating with a target price of $27.
Crypto prices
More
