Most coins have lost 50 to 80% of their value, many tokens that were financed with expensive ether may now have their funding reduced due to their holdings. Do you think many of the ICOs have sold their ether and bitcoin during the last months? What other factors are making the market go steadily down?
It is right to invest in difficult times, at the time of the lowest price, as the profit will be much greater in the event of a return to the original price.
Read this article, write here that ICO projects hold up to 40% of the collected ETH. Also, in the article, the projects are enrolled and the amount of ETH that they are holding.