I think it is more than just weak hands; I think the market is not able to recover because it is exchausted. I think it needs time for it to recover again; so project should be self sustainable now.
Now, during this long bear market, it will be really important that projects be economical with their funds. Only the best projects with a convincing idea and a strong team will survive this bear market.
I am on Icobench every other days, the amount of ICO project coming out these days is drastically reduced, projects are no more economical, they are actually afraid to go on with fundraising
Yes, projects don't raise that much anymore nowadays. But that's not really what I meant. I was talking about projects that already finished their ICO for quite some time. These are the projects that now need to come up with a plan on how to generate income because (maybe) they spent their ICO funds.