Invest ideasNews
20 Jan 2026, 01:35
People’s Bank of China Holds Steady: A Strategic Pause in Benchmark Lending Rates Signals Cautious Stability
BitcoinWorld People’s Bank of China Holds Steady: A Strategic Pause in Benchmark Lending Rates Signals Cautious Stability In a decisive move watched by global markets, the People’s Bank of China (PBOC) announced on [Current Date] from Beijing that it will maintain its key benchmark lending rates, signaling a period of strategic monetary stability. Consequently, the central bank holds the one-year loan prime rate (LPR) steady at 3.0% and the crucial five-year LPR at 3.5%. This decision, therefore, underscores a deliberate pause in policy adjustments as authorities carefully assess complex economic crosscurrents. Understanding the People’s Bank of China’s Steady Hand The People’s Bank of China’s latest announcement directly concerns the Loan Prime Rate (LPR), which functions as the nation’s de facto benchmark for lending. Moreover, commercial banks now use the LPR to price new loans, making it a vital transmission tool for monetary policy. The one-year rate primarily influences corporate and short-term household loans. Conversely, the five-year LPR serves as the main reference for mortgage rates, directly impacting the massive real estate sector and consumer sentiment. This decision follows the PBOC’s recent move to keep its medium-term lending facility (MLF) rate unchanged. Since the LPR derives partly from the MLF rate, market analysts widely anticipated this stability. The central bank’s consistent approach, therefore, aims to balance several competing priorities: Supporting Economic Recovery: Maintaining low borrowing costs aids business investment and consumption. Stabilizing the Yuan: Avoiding aggressive rate cuts helps prevent excessive capital outflows and currency pressure. Managing Debt Levels: Cautious policy prevents further fueling of corporate and local government leverage. Controlling Inflation: With global commodity prices fluctuating, the PBOC monitors domestic price pressures closely. The Global and Domestic Context for Monetary Policy Globally, central banks like the Federal Reserve and European Central Bank have pursued aggressive tightening cycles to combat inflation. In contrast, the People’s Bank of China has charted a more independent, moderately supportive path. This divergence creates significant implications for cross-border capital flows and exchange rates. Domestically, China’s economy shows a mixed recovery pattern. Strong manufacturing and export data often contrast with persistent weakness in the property market and subdued consumer confidence. Recent economic indicators provide critical context for the PBOC’s steady stance. Industrial production and retail sales figures have shown moderate growth. However, the developer debt crisis and falling home prices continue to pose substantial risks. The central bank’s decision, therefore, reflects a nuanced reading of these fragmented signals. It avoids adding stimulus that might overheat certain sectors while also refraining from tightening that could stifle fragile demand. Expert Analysis on Policy Transmission and Market Impact Financial analysts note that the effectiveness of the LPR hinges on its transmission to actual lending rates. “The steady LPR is a necessary but not sufficient condition for credit expansion,” observes a senior economist at a major Chinese securities firm. “Bank willingness to lend and corporate demand for borrowing remain the crucial links in the chain. The PBOC is likely providing targeted support through other structural tools.” Historical data illustrates the LPR’s trajectory and its economic correlation. Recent LPR Trends and Economic Indicators Period 1-Year LPR 5-Year LPR Key Economic Context Q4 2023 3.45% 4.20% Post-pandemic recovery focus Q1 2024 3.35% 3.95% Targeted property sector support Q2 2024 3.20% 3.70% Broad stimulus to boost demand Current 3.00% 3.50% Stability phase amid mixed data Market reaction to the announcement has been muted, indicating the decision matched investor expectations. Chinese government bond yields showed little movement, and the yuan exchange rate remained stable against the US dollar. This calm response suggests markets have priced in the PBOC’s cautious stance. Furthermore, it reflects confidence in the central bank’s commitment to avoiding policy surprises that could trigger volatility. Sectoral Implications of Unchanged Benchmark Lending Rates The steady five-year LPR provides immediate clarity for the real estate sector. Homebuyers will not see changes to their mortgage rate benchmarks, offering short-term predictability. However, developers hoping for a stronger stimulus to revive housing demand may view the status quo as insufficient. For the corporate sector, the stable one-year LPR keeps financing costs low for working capital and equipment purchases. This environment particularly benefits small and medium-sized enterprises (SMEs), which rely heavily on bank loans. Commercial banks now operate with a clear pricing signal for the coming month. Their net interest margins (NIMs)—the difference between lending and deposit rates—face continued pressure. With lending rates anchored and deposit rates relatively rigid, profitability challenges persist for the banking industry. Consequently, banks may focus more on fee-based services and efficient capital allocation to maintain earnings. The PBOC’s stability, therefore, shifts the onus onto financial institutions to optimize their operations within a predictable rate environment. The Road Ahead: Future Monetary Policy Trajectory Most analysts project the People’s Bank of China will maintain its steady approach in the near term. Future decisions will depend heavily on incoming data, particularly on inflation, employment, and the property market. The central bank retains a toolkit of other measures, including reserve requirement ratio (RRR) cuts and targeted relending facilities, to provide liquidity without adjusting benchmark rates. International factors, especially the monetary policy path of the US Federal Reserve, will also influence the PBOC’s calculus regarding the yuan’s stability. Potential triggers for a future LPR cut include a sharper-than-expected slowdown in growth or a deepening of the property downturn. Conversely, signs of robust recovery and rising inflationary pressures could delay any easing moves indefinitely. The PBOC’s primary mandate involves maintaining price stability and supporting economic growth. Its current steady stance on benchmark lending rates demonstrates a balanced, data-dependent approach to fulfilling this dual mandate in a complex global environment. Conclusion The People’s Bank of China’s decision to hold its benchmark lending rates steady represents a calculated pause in monetary policy. By maintaining the one-year and five-year LPRs, the central bank signals cautious optimism and a focus on stability. This approach supports economic recovery without exacerbating financial risks or currency pressures. Ultimately, the PBOC’s steady hand provides a predictable foundation for businesses and households, guiding China’s economy through a period of global uncertainty and domestic transition. FAQs Q1: What are the Loan Prime Rates (LPRs) set by the People’s Bank of China? The LPRs are China’s benchmark lending rates. The one-year LPR influences corporate and short-term loans, while the five-year LPR is the main reference for mortgage pricing. Commercial banks use these rates as a base for setting their own lending interest rates. Q2: Why did the PBOC decide to keep the LPRs unchanged? The central bank likely aims to balance supporting economic growth with maintaining financial stability. Holding rates steady avoids adding stimulus that could fuel debt or inflation, while also refraining from tightening that might hinder a fragile recovery, especially in the property sector. Q3: How does this decision affect Chinese homebuyers and the property market? The unchanged five-year LPR means the benchmark for new mortgages remains stable. This provides certainty for homebuyers but may disappoint developers and potential buyers hoping for a rate cut to significantly lower borrowing costs and stimulate housing demand. Q4: What tools does the PBOC have besides the LPR to manage the economy? Beyond benchmark rates, the People’s Bank of China uses the Medium-term Lending Facility (MLF) rate, the Reserve Requirement Ratio (RRR) for banks, and various targeted lending programs. These tools allow for precise adjustments to liquidity in specific sectors of the economy. Q5: How does China’s monetary policy differ from that of the US Federal Reserve currently? As of this announcement, the PBOC is maintaining a steady or moderately supportive stance to aid domestic growth, while the US Federal Reserve has been in a tightening cycle to combat high inflation. This policy divergence impacts the exchange rate between the yuan and the US dollar. This post People’s Bank of China Holds Steady: A Strategic Pause in Benchmark Lending Rates Signals Cautious Stability first appeared on BitcoinWorld .
20 Jan 2026, 01:30
$10K Bitcoin Path: Strategist Warns Failure to Hold $100K Signals End-Game Risk
Bitcoin could face a deep, prolonged slide toward $10,000 if it fails to hold above $100,000, signaling a potential late-cycle peak and broader risk-asset reversal, according to Bloomberg Intelligence strategist Mike McGlone. $10K No Longer Unthinkable if $100K Fails, Strategist Warns Bloomberg Intelligence senior macro strategist Mike McGlone shared on social media platform X on
20 Jan 2026, 01:30
Bhutan’s Sovereign Fund Reveals Stunning $459M Ethereum Bet as Institutional Crypto Adoption Accelerates
BitcoinWorld Bhutan’s Sovereign Fund Reveals Stunning $459M Ethereum Bet as Institutional Crypto Adoption Accelerates Institutional cryptocurrency adoption reaches new heights as addresses linked to Bhutan’s sovereign wealth fund reveal a massive $459 million Ethereum long position, signaling a strategic shift in national investment strategies for 2025. This substantial move by Druk Holdings & Investments, the Himalayan kingdom’s state-owned investment arm, demonstrates how sovereign entities increasingly integrate digital assets into their portfolios. According to on-chain analyst Emmett Gallic, the fund executed sophisticated DeFi strategies to accumulate 117,000 ETH, providing concrete evidence of institutional blockchain participation. The transaction patterns reveal careful planning and substantial market confidence from an unexpected global player. Bhutan’s Sovereign Fund Builds Massive Ethereum Position Blockchain analysis reveals detailed transaction patterns from addresses associated with Druk Holdings. The fund initially withdrew 42,000 ETH and 54 million USDT from the Binance exchange. Subsequently, the entity converted the USDT to additional Ethereum and deposited the combined assets into Aave, a leading decentralized lending protocol. The strategic maneuver continued as the address borrowed $275 million in USDT against its ETH collateral to purchase more Ethereum. This leveraged position now totals approximately 117,000 ETH, valued at $459 million based on current market prices. The sophisticated execution demonstrates institutional-grade cryptocurrency strategy implementation. Transaction analysis shows the fund employed a classic leveraged long strategy common in traditional finance but adapted for decentralized protocols. By using Aave’s lending infrastructure, Bhutan’s sovereign fund maintains exposure to potential Ethereum appreciation while retaining borrowing capacity. This approach differs significantly from simple spot purchases, indicating sophisticated treasury management. The timing coincides with broader institutional adoption trends observed throughout 2024 and early 2025. Several sovereign wealth funds have gradually increased digital asset allocations despite previous regulatory uncertainties. Institutional Crypto Adoption Accelerates Globally Sovereign wealth funds worldwide increasingly explore digital asset investments as part of diversification strategies. Bhutan’s move follows similar initiatives by Norway’s Government Pension Fund Global and Singapore’s Temasek Holdings. These institutions typically allocate small but growing percentages to cryptocurrency and blockchain infrastructure. The public nature of blockchain transactions makes sovereign fund activities particularly transparent compared to traditional investments. This transparency allows analysts to track institutional movements with unprecedented precision. The table below illustrates recent sovereign fund cryptocurrency activities: Institution Country Reported Crypto Exposure Primary Assets Druk Holdings & Investments Bhutan $459 million Ethereum (ETH) Government Pension Fund Global Norway $1.2 billion Bitcoin, Ethereum Temasek Holdings Singapore $800 million Blockchain infrastructure Abu Dhabi Investment Authority UAE Undisclosed Digital asset research These allocations represent strategic rather than speculative positions. Sovereign funds typically employ multi-year investment horizons, suggesting long-term confidence in blockchain technology’s evolution. The Ethereum blockchain’s transition to proof-of-stake consensus in 2022 significantly reduced environmental concerns that previously deterred institutional investors. Additionally, regulatory clarity in major jurisdictions has improved throughout 2024, creating more favorable conditions for sovereign participation. On-Chain Analysis Reveals Sophisticated Strategy Emmett Gallic’s analysis provides unprecedented insight into sovereign fund cryptocurrency operations. The identified addresses executed transactions across multiple platforms, demonstrating comprehensive understanding of both centralized and decentralized finance ecosystems. The fund’s strategy incorporates several key elements: Multi-platform execution: Utilizing Binance for initial accumulation then moving to DeFi protocols Collateral optimization: Leveraging ETH holdings to access additional capital through borrowing Risk management: Maintaining substantial collateral buffers within lending protocols Long-term positioning: Avoiding short-term trading patterns characteristic of speculative accounts This methodology contrasts sharply with retail investor behavior, highlighting institutional approaches to digital asset management. The fund’s activities occurred over several weeks rather than single sessions, suggesting deliberate accumulation avoiding market disruption. Transaction sizes remained below typical exchange reporting thresholds, indicating careful attention to market impact considerations. These patterns align with traditional institutional investment best practices adapted for cryptocurrency markets. Bhutan’s Digital Economy Transformation Bhutan has quietly developed blockchain and cryptocurrency initiatives for several years. The mountainous kingdom launched a digital ngultrum pilot program in 2021 and established cryptocurrency mining operations powered by abundant hydroelectric resources. These efforts align with Bhutan’s Gross National Happiness development philosophy, which emphasizes sustainable economic growth. The sovereign fund’s Ethereum position represents the most substantial public commitment to date. This strategic move positions Bhutan within the global digital economy while potentially generating returns to fund national development priorities. The Himalayan nation faces unique economic challenges as a small, landlocked country with limited traditional exports. Digital asset investments offer diversification beyond tourism and hydropower exports. Bhutan’s clean energy surplus provides competitive advantages for blockchain infrastructure, as evidenced by earlier mining initiatives. The sovereign fund’s activities suggest a coordinated national strategy rather than isolated investment decisions. Government officials have previously expressed interest in blockchain technology for public administration and financial inclusion applications. Market Impact and Future Implications The revelation of Bhutan’s substantial Ethereum position arrives during a period of increasing institutional cryptocurrency adoption. Market analysts note several potential implications: Validation signal: Sovereign fund participation lends credibility to cryptocurrency as an asset class Market structure evolution: Institutional participation may reduce volatility over time Regulatory developments: Sovereign involvement could accelerate regulatory clarity globally Geographic diversification: Emerging market participation expands cryptocurrency’s global footprint Other sovereign wealth funds monitor early adopters’ experiences before committing substantial capital. Bhutan’s public blockchain activities provide valuable case studies for peer institutions. The transparent nature of blockchain transactions creates natural accountability mechanisms absent from traditional investments. This transparency may appeal to sovereign funds facing increasing public scrutiny regarding investment decisions and ethical considerations. Conclusion Bhutan’s sovereign fund reveals a sophisticated $459 million Ethereum long position through transparent blockchain transactions, marking a significant milestone in institutional cryptocurrency adoption. The Druk Holdings strategy demonstrates how sovereign entities employ decentralized finance protocols for leveraged positions while maintaining collateral management standards. This development signals growing confidence in digital assets among traditionally conservative institutional investors. As sovereign wealth funds increasingly explore blockchain investments, their activities provide valuable insights into cryptocurrency market evolution. Bhutan’s Ethereum position exemplifies strategic digital asset allocation within broader national economic transformation efforts, potentially influencing peer institutions worldwide. FAQs Q1: What is Druk Holdings & Investments? Druk Holdings & Investments serves as Bhutan’s sovereign wealth fund, managing national assets for long-term economic development. The state-owned institution invests across various asset classes to support Bhutan’s sustainable growth objectives. Q2: How did analysts identify Bhutan’s Ethereum position? On-chain analyst Emmett Gallic traced transaction patterns from addresses associated with Druk Holdings. The analysis revealed withdrawal, conversion, and lending activities across Binance and Aave platforms, ultimately identifying 117,000 ETH accumulation. Q3: Why would a sovereign fund invest in cryptocurrency? Sovereign funds seek portfolio diversification, inflation hedging, and exposure to technological innovation. Cryptocurrency offers non-correlated returns potential and participation in blockchain technology’s growth, aligning with long-term investment horizons. Q4: What risks do sovereign funds face with cryptocurrency investments? Primary risks include regulatory uncertainty, market volatility, custody challenges, and technological complexity. Sovereign funds typically mitigate these through careful position sizing, security protocols, and gradual accumulation strategies. Q5: How might Bhutan’s move influence other sovereign wealth funds? Early adopters provide valuable case studies for peer institutions. Transparent blockchain activities allow other funds to observe strategy implementation and performance before committing substantial capital to digital assets. This post Bhutan’s Sovereign Fund Reveals Stunning $459M Ethereum Bet as Institutional Crypto Adoption Accelerates first appeared on BitcoinWorld .
20 Jan 2026, 01:30
Grid Wars: Bitcoin Hashrate Drops As AI Demands More Electricity
Bitcoin’s network power dipped this week, falling back under the one-zettahash mark after several months above it. Reports show the seven-day average hashrate near 993 EH/s, a clear pullback from last year’s highs. Hunger For Power Reports say big AI data centers are buying long-term power contracts and willing to pay more for steady, round-the-clock electricity, pushing some miners to cut or shift operations. This competition has changed who gets the cheapest power on the grid. Some publicly traded miners are closing deals to lease space to chipmakers and AI firms, turning parts of their sites into AI data centers. One large miner signed a multi-year lease with a major chip company, showing how companies are hedging against volatile mining profits. On Monday, StandardHash CEO and founder Leon Lyu said on X that the drop came as Bitcoin miners shifted electricity toward AI computing to chase better profit margins. Why The Shift Matters Now Electricity is the single biggest cost for mining. When data centers bid for the same megawatts, miners face a straight choice: pay more, accept narrower margins, or repurpose capacity. Bitcoin Hashrate Alert: A Shift in the Mining Landscape For the first time since Sept 2025, BTC’s 7-day average hashrate has fallen below 1 ZH/s. A -4.34% difficulty adjustment is expected in ~3 days. What’s driving the exodus? 1⃣ The AI Pivot: Major mining firms are… pic.twitter.com/hg8O8xBIkx — Leon Lyu (@LeonLyuLv) January 19, 2026 ` The network’s difficulty has been eased a bit by the drop in hashpower, which keeps block times roughly steady, but that mechanical fix does not change who holds the power contracts. PJM, the grid operator serving the mid-Atlantic, has moved quickly to propose rules aimed at handling surging AI demand. The plan asks large new power users to take responsibility for their own supply or accept curtailment rules so essential services and homes do not face outages. These moves are meant to limit the strain that rapid AI growth could place on the system. Bitcoin Vs. AI: Policy Moves And Political Pressure US President Donald Trump and several state leaders have urged steps that would make tech firms pay more to secure power, including proposals for emergency auctions to fund new plants. The pressure reflects worry about higher bills and the risk that expanding data centers could crowd out other users. What Miners Are Doing To Stay Alive Many operators are not only shutting rigs when power gets costly; they are retrofitting sites to host GPUs and other AI hardware. That change can mean steadier revenue and longer contracts than mining alone would offer. It also signals a structural shift: bitcoin mining is becoming one part of a broader compute business for some companies. Block rewards and protocol rules still secure the network. But if hashrate stays lower for a long stretch, planners and investors will watch whether centralization rises in places where power stays cheap. For everyday users, the system keeps producing blocks; for miners, the contest for electricity is now a defining business problem. Featured image from Unsplash, chart from TradingView
20 Jan 2026, 01:25
Bitcoin Whale Awakens: Stunning $84.6M Transfer After 13-Year Slumber
BitcoinWorld Bitcoin Whale Awakens: Stunning $84.6M Transfer After 13-Year Slumber In a stunning development that has captivated the cryptocurrency world, a long-dormant Bitcoin whale has suddenly awakened. This entity moved a colossal 909.38 BTC, valued at approximately $84.62 million, to a new address. The transaction, first highlighted by blockchain analytics platform Lookonchain, marks the end of a 13-year period of complete inactivity for this specific wallet. Consequently, this event has sparked intense analysis and discussion across financial markets globally. Bitcoin Whale Emerges From 13-Year Hibernation The transaction originated from a wallet that first received its Bitcoin in 2011. This was a pivotal era in crypto history, just two years after Bitcoin’s genesis block. At that time, the digital asset traded for mere dollars. Therefore, the current valuation represents an astronomical return on investment. Blockchain data confirms the wallet remained entirely static for over 4,700 days. This prolonged dormancy is exceptionally rare for holdings of this magnitude. Analysts immediately began scrutinizing the move’s potential implications. Large, sudden transfers from ancient wallets often trigger market speculation. However, the exact intent behind the transfer remains unclear. The funds moved to a fresh, unidentified address. This action could precede several potential outcomes. For instance, the owner might be preparing to sell, consolidate assets, or employ advanced custody solutions. Regardless, the sheer scale commands attention. Historical Context and Market Impact Analysis To understand this event’s significance, one must examine Bitcoin’s price trajectory. In 2011, BTC traded between $0.30 and $31. The whale’s initial acquisition cost was likely minuscule compared to today’s value. This transfer exemplifies the incredible wealth creation early adopters experienced. Furthermore, it highlights Bitcoin’s core promise as a long-term store of value. The market impact of such moves is multifaceted. Historically, large inflows to exchanges often precede selling pressure. However, this transfer did not go directly to a known exchange wallet. Instead, it moved to another private address. This detail suggests the holder may not be initiating an immediate sale. Market sentiment often reacts nervously to whale activity. Nevertheless, seasoned analysts urge caution against overinterpretation. Key Metric Detail BTC Amount 909.38 BTC USD Value (at time) $84.62 Million Dormancy Period 13 Years (~4,700 days) Original Era 2011 (Early Bitcoin) Data Source Lookonchain Blockchain Analytics This event also underscores the robust and transparent nature of blockchain technology. Every transaction is permanently recorded on the public ledger. This transparency allows for real-time tracking of major capital movements. It provides an unprecedented window into high-net-worth investor behavior. Expert Perspectives on Whale Behavior Cryptocurrency analysts and market strategists have weighed in on the transfer. Their insights provide crucial context for understanding whale psychology. Generally, long-term holders exhibit strong conviction. Waking a wallet after 13 years is not a decision made lightly. Experts point to several possible catalysts for such activity. Estate Planning: The original owner may be managing inheritance or legacy holdings. Security Upgrade: Moving funds to a new wallet with modern, secure technology. Strategic Reallocation: Preparing assets for use in decentralized finance (DeFi) or as collateral. Market Timing: Assessing optimal conditions for a partial liquidation or portfolio shift. Furthermore, the transaction occurred amidst a specific macroeconomic backdrop. Interest rates, regulatory developments, and institutional adoption all influence holder behavior. This move might reflect a strategic response to these broader financial conditions. Analysts consistently monitor these dormant wallets as a gauge of veteran investor sentiment. The Ripple Effect on Investor Sentiment and Security Such a prominent Bitcoin whale transfer inevitably affects broader market sentiment. Retail and institutional investors alike watch these signals closely. The movement of “old money” can be interpreted as a vote of confidence or caution. In this case, the lack of an immediate sale to an exchange is a potentially bullish signal. It suggests the holder values the asset enough to reorganize, not necessarily discard. Security implications are equally paramount. Holding private keys securely for over a decade is a remarkable feat. It demonstrates successful protection against theft, loss, and technological obsolescence. The transfer itself likely involved sophisticated security protocols. This action serves as a real-world case study in long-term digital asset preservation. The crypto community often learns best practices from these high-profile examples. Additionally, this event highlights the importance of blockchain analytics. Firms like Lookonchain provide essential market intelligence. They track wallet activity, exchange flows, and entity movements. This data brings transparency to an otherwise opaque market. It helps all participants make more informed decisions. The identification of this transfer within hours showcases the industry’s analytical maturity. Conclusion The awakening of a 13-year dormant Bitcoin whale, moving $84.6 million, is a landmark event. It connects Bitcoin’s pioneering past to its mature present. This transaction underscores the asset’s enduring value proposition for long-term holders. While the immediate market impact appears contained, the symbolic significance is profound. It reminds the market of the vast, patient capital that underpins the Bitcoin network. Ultimately, such events reinforce blockchain’s transparency and provide invaluable insights into the behavior of its most steadfast participants. FAQs Q1: What is a “Bitcoin whale”? A Bitcoin whale is an individual or entity that holds a very large amount of Bitcoin. Their transactions can significantly influence the market due to the sheer volume of assets they control. Q2: Why is a 13-year dormancy period significant? Holding any asset, especially a volatile digital one, for 13 years demonstrates extreme conviction. It also means the coins were mined or purchased in Bitcoin’s earliest days, making them historically important and worth a fortune compared to their original cost. Q3: Does this transfer mean the whale is selling? Not necessarily. The funds moved to another private wallet, not directly to a cryptocurrency exchange. This could indicate reorganization, improved security, or preparation for another use like DeFi, rather than an immediate sale. Q4: How do analysts track these transactions? Analysts use blockchain explorers and analytics platforms (like Lookonchain) to monitor the public ledger. They can flag transactions from known dormant wallets or those involving unusually large sums of cryptocurrency. Q5: What does this mean for the average Bitcoin investor? For most investors, it’s a point of interest rather than a direct signal. It highlights the presence of long-term, high-conviction capital in Bitcoin but should not be the sole basis for an individual’s investment decision. It’s a reminder of the network’s history and resilience. This post Bitcoin Whale Awakens: Stunning $84.6M Transfer After 13-Year Slumber first appeared on BitcoinWorld .
20 Jan 2026, 01:24
Trove investor ire mounts after team keeps $9M, new token tanks 95%
Trove shocked the community last week with a last-minute decision to pivot its perps DEX from Hyperliquid to Solana, a move that upset many of its initial backers.
