What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?
Well to me that's not good for this project who raised good sum of money but go ahead to list very low on an exchange. There are two things to this, one is tha they just did so because of the bear market and is hopping to pump it's price once market is great. The second is, they intentionally do this just to allow the price move up as the market tends to move up and I consider this unfair and tricky