Crypto Daily: BTC Dips, but TGE Season is Heating Up
Market's looking a bit bipolar today. #BTC took a hit below $91k thanks to Greenland jitters and tariff talk, but the primary market is absolutely buzzing with launches and airdrops. MicroStrategy is still the ultimate HODLer. Saylor just dropped another $2.13B to bag 22,305 $BTC . It’s their biggest single buy in 7 months. While retail is panic-selling the dip, MSTR is vacuuming up the floor. Acurast ($ACU) is finally live. The DePIN project hit mainnet and listed on 6+ exchanges including Binance Alpha and Gate. Price is sitting around $0.097—down about 30% from the opening wick, which is standard TGE volatility. Airdrop check for the farmers: * Acurast: If you had 241+ points, go grab your 320 $ACU on Binance Alpha. ETHGas ($GWEI): Backed by Polychain. Snapshot is done. Check your eligibility tonight (21:00 UTC). If you’ve spent a lot on gas over the years, this one’s for you. Solana ecosystem news: $SOL Strategies dropped STKESOL. It’s a new liquid staking token (LST) with 500k+ SOL already staked at launch. You can already loop it or provide liquidity on Orca and Kamino. Base chain gems: Football.Fun ($FUN) is seeing some solid growth—TVL is up 30% to $5.2M. If you’re farming Aerodrome, look into the "Funderdrome" rewards. 5M $FUN is up for grabs. Keep an eye on the calendar: Jan 21: Solana Mobile ($SKR) listings.Jan 22: Sentient AGI ($SENT) launch. This is the big one. 57% of the supply is going to the community. High expectations for this airdrop.
The Trove saga is a masterclass in how to incinerate trust. From Pokémon cards to casino wallets, this is everything that went wrong with the perp DEX that everyone thought was the "next big thing." The Promise: - Trove launched as a Perp DEX for illiquid assets: CS2 skins, Watches, RWAs, and Pokémon cards. - 5-10x leverage. - Built on Hyperliquid. - $1B testnet volume / 24k users. - ICO raises $11.5M (460% oversubscribed). - Everything looked perfect. Until it wasn't.
The "Last Minute" Switch:Jan 11, 2026. 5 minutes before the ICO closes, the team edits the contract to extend the sale by 5 days.
Why? Because massive bets (up to $300k) just appeared on Polymarket wagering the ICO wouldn’t end. One trader lost $73k in minutes trying to hedge.
The Backtrack:The community caught the "extension" in the code immediately. The team panicked, cancelled the extension, and finished the ICO "as planned."
The apology? "We were optimizing for a small group." The reality? It looked like blatant insider trading via Polymarket.
The $10M Exit: Hours later, wallets linked to Trove began dumping $10M of $HYPE (the core of their Hyperliquid strategy). The founder denied controlling the wallets, but the on-chain breadcrumbs don't lie. They were de-risking while the community was still locked in.
The Casino & The Shills:Then the skeletons came out of the closet: - $45k of angel investor funds tracked to a casino wallet. - Influencers paid $5k/month just to wear a "badge." - Massive undisclosed shills and discounted ICO bags for KOLs. Zero transparency.
The Pivot: Suddenly, Trove announces they are ditching Hyperliquid for Solana.
In crypto, a "chain pivot" after a scandal is usually just an attempt to find a fresh audience that hasn't heard about your previous disasters yet.
Where are we now? - TGE? Delayed. - Again? Delayed. The "Anonymous" team has effectively lost the mandate to lead. When a team gambles your money at a casino and bets against their own ICO close date, the story rarely has a happy ending.