I've been looking into ICOs recently and I noticed that ORCA raised 1.5 million dollars in 50 hours during the ICO's first round. Is this typical in the current market state? What does it say about the project?
ICO is no longer interested in profit for investors
What do you mean?
This has no proof but i have to agree on this since almost the ICO right now when they got in the exchanges the price started to go lower than the ICO price so I think this is one of the reason why investors are staying away from the ICO but since the OP said about how much money already raised by the ORCA project, it looks like more investors are still hoping to make a good run in this market. Honestly, I never heard anything from this project but it looks interesting, will try to dig more information about this and invest some when I see a good opportunity.
Is there usually proof of funds being raised? I mean other than checking the ETH address on ethscanner