Yes. Many projects died and it is the truth. I think it only the beginning of the end and projects will die every day soon.
Most of them didn't have any product and that's the main reason why a lot of projects will die in the future. Mostly of people are only interested to put their money on the project which has created fully working product to be used by the investors. This is why 80% of the existing coin will die because they have nothing to be used or to attract the new comers.