Apparently it was a promising project, I hope I'm mistaken. Maybe the initial success of the project wasn't expected, I think maybe the team wasn't prepared for it, I'm not talking about incompetence ...
I also think that more transparent explanations must be given, at least everyone will know what is happening and not just speculate the facts!
Or maybe they falsified the numbers and when it finally came time and no one was buying they modified their whitepaper and changed their total supply to appear to have sold out.