GROVE, the native token tied to Grove Finance, has entered public trading across Coinbase, BitMart, and Bybit. The source says Coinbase listed the token at $0.03, while the reported trading price later stood at $0.02924, a decline of more than 5% from the listing level.
BitMart and Bybit set separate launch schedules
BitMart published specific timing for the GROVE/USDT market. According to the source material, the key schedule points are July 7, 2026, 10:00 AM UTC and July 7, 2026, 11:00 AM UTC. The pair is quoted against USDT and uses the Ethereum (ERC-20) network.
Bybit confirmed a different rollout window for its spot platform. The published timeline includes July 7, 2026, 4:00 AM UTC, July 7, 2026, 3:00 PM UTC, and July 8, 2026, 10:00 AM UTC, also on Ethereum (ERC-20).
Project focus centers on credit tools for stablecoins
The source describes Grove Protocol as a project building credit infrastructure for the stablecoin economy. It also says the protocol is designed to help large institutions bring real-world assets onchain. With the token now trading publicly, that narrative is being tested in the market through live price action.
Coinbase appears to have been the first exchange among those named in the source to list GROVE. That early market price now serves as a reference point for traders watching the BitMart and Bybit debut. Even so, the move below the original listing level shows that buyers and sellers are still searching for equilibrium.
Tokenomics allocate 70% to the Sky Ecosystem
GROVE is an ERC-20 token on Ethereum with a stated total supply of 10 billion tokens. The foundation’s allocation breakdown assigns 7,000,000,000 tokens to the Sky Ecosystem, equal to 70%. Another 2,500,000,000 tokens, or 25%, are set aside for the team and contributors, while the foundation holds 500,000,000 tokens, or 5%.
The contract has been audited by ChainSecurity and Spearbit. The source also states that Sky governance retains admin control over the contract, meaning any changes would pass through that governance structure.
Early trading shows immediate downside from the listing price
The reported move from $0.03 to $0.02924 puts the token down by more than 5% shortly after listing. That kind of action is common in the first trading window of a new token, where order book depth and short-term positioning can shift quickly. Price discovery is still in progress.
The source also points to backing from real TVL and formal audits as part of the project’s credibility. At the same time, it notes that market estimates remain wide, leaving clear uncertainty around valuation in the opening phase. For traders, the first hours appear to be a live test of demand rather than a settled price range.