So it seems a lot of ICO's are running with $1 per coin during the ICO - but then dropping well below that price once they're listed on an exchange.
Is this a normal thing for an ICO at least initially while they're working on getting their project fully operational?
Are they setting the $1-$2 a coin so they can make sure they're fully funded to get the project started and on it's way vs trying to sell shares for pennies or dimes?
But why wouldn't the price of an ICO hold at what that price was? Just because initial founders are dumping their coins to get some cash out and forcing the hand/price to go down based on supply & demand?
It's obviously a common occurrence. ICOs are always a gamble and there is no guarantee whatsoever that the price of what you buy is going to go up in the future, and for tokens to go down because of speculation is definitely possible.
Initial founders cashing out could be one reason, definitely. Especially for a crappy ICO project.
But otherwise it's just supply/demand. If people don't see the project going anywhere they are more likely to dump their tokens for a loss, for the readily accessible cash.