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Cryptocurrency investors have accused proposed Pokémon cards perpetual exchange Trove Markets of a rug pull after its token crashed over 95% within minutes of its launch on Jan. 19.

The token, which launched at a market cap of nearly $19 million, was most recently at $153,000, an over 99% decline.

“Textbook style rug executed by @TroveMarket,” one user said on X. “Delayed ICO + TGE multiple times. Started token trading before distribution, allowing insiders/team wallets to frontrun sell before the market. Crashed the price to a 200k MC in 10 minutes.”

“$TROVE is officially the first rug of 2026,” another said.

Don’t…