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?
Most probably lost a huge chunk of their development fund in 2018 ethereum apocalypse and thus have paused development needed to drive positive news in the market and attract investors to increase volume.