Investors eye class action after Trove's Solana move, 95% crash and $11M ICO concerns

On Monday, Trove announced a migration to Solana and launched its token, after holding a presale just a week earlier. The market move was followed by sharp declines, including claims of a 95% crash and a fully diluted valuation dropping from $20 million to $1 million. Contributors are calling for a class action as refund disputes and fund-use concerns intensify.