Well from what i have observed in one of the worst ICO's to date.. khmmm BEE im looking at you....
- Someone hacked their KYC database and consequently stole a bit more then 1M from their ICO investors. ( community's trust was broken from the get go)
-They listed on only 1 exchange (CobinHood) cose of USA regulations. Total daily volume is around 100
-*Rumor* They HODLT most of their ETH from the ICO trough the bear market - REKT
- The team was good at hyping fundraising for the ICO but had no idea how to scale its user base once they went in Alpha
- Their CEO is a man child
And all that contributed to a nice fall from 0.25$ to 0.007$
GG