In my own opinion, I think it is very highly possible. The investors expect a product that can actually deliver its functions and it will make the price go high. Well, it really depends on the coin if it has a function or not. But it's a real pity for investors to cheated like that.
Damn I feel sorry for the investors who have been scammed because there's about 80% that it really is a scam. Waste of time, waste of money and waste of effort for you as well.