Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??
Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.
Most are just money grabbing. Money (especially on large amount) can distort our perception and integrity easily, so i would not trust any ICOs these days easily because most of them are just nothing but vaporwares that will extinct in the very near future.