Trove Markets Shifts to Solana, Retains $9.4 Million for Development

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 20 2026

BMT-3.222%

X+13.92%

HYPE+4.28%

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Fund Retention: Trove Markets announced it will retain $9.4 million for developing a perp DEX on Solana, despite raising $11.5 million for Hyperliquid, indicating a strategic pivot to a new platform.
Investor Refunds: Trove has refunded $2.44 million to investors to maintain participation integrity, with an additional $100,000 to be returned to ICO participants, reflecting a commitment to restoring investor trust.
Token Crash: The newly launched TROVE token plummeted 95% within ten minutes of its launch, reducing its market cap from $20 million to below $1 million, highlighting severe market dissatisfaction and a crisis of confidence.
Market Outlook: Despite challenges, Trove plans to focus on collectibles trading, with the market projected to reach $21.4 billion, demonstrating its commitment to long-term growth amidst current turmoil.

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Technical Analysis for BMT

Technical Sentiment Analysis for Bubblemaps (BMT) As of , Bubblemaps (BMT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bubblemaps (BMT) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0083	0.0114	0.0144	0.0175	0.0205	0.0236	0.0266
Fibonacci	0.0114	0.0137	0.0151	0.0175	0.0198	0.0213	0.0236

About BMT

Bubblemaps has secured significant financial backing, raising €3M in 2023 and an additional €3.5M in 2024 from a mix of blockchain protocols and traditional funds. These funds have helped accelerate platform development and ensure Bubblemaps can keep expanding its presence across different ecosystems.Widely used for token research and supply analysis, Bubblemaps contributes to on-chain investigations that have shaped discussions about insider activity and token concentration. The platform receives over 1M monthly visits and is integrated with services like Pump.fun, Etherscan, Photon, and DEX Screener.Bubblemaps is now a part of crypto culture — with “bubble map” becoming a term rather than just our brand. Institutions are now incorporating token concentration and address connections as key metrics when evaluating new projects.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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