I am observing since last six months...each and every ico is failing drastically...even the most succesful ones which got funded within the time limit...when enters the exchange their price is dropping by more than times....investing in ico these days meaning throwing away your money
That is why the tokens allocated for the devs should be freeze for over two years or more. That way no dev could sell out their tokens leaving the price not fall easily. They hold more than the investors bought sometimes and price will drastically fall if they sell it when it goes live in any exchange.