To be honest i don't blame people for asking 100 millions if they just get more by asking it. But the investors were also greedy to think that it would be easy to rise value after so huge market caps.
Strangest is how some of these ICO's that managed 100m+ are already going bankrupt by now. How do you spend 100m in a year (not counting the price decrease)
Free money that where gotten in place of some promise and hope in future with some whitepaper

is very easy to spend, imagine an ico raising up to 100m for just a whitepaper and some fake promise

obviously with such amount of money in their pocket, there will be too many pressure and temptation, making the wrong decisions will be very easy, and mostly the feeling of being so freaking rich

. Damn!