As a rule, most blockchain- projects that have collected tens of millions of dollars for ICO, issue tokens on the exchange without real production growth.
What does it mean?
From my observations so far following the project is a lot of people who are too fast selling coins. Even investors and teams are holding large amounts of coins. It has been selling coins very quickly, thus affecting prices and prices falling directly.
To recover again requires the hard work of team and developer project in search of investors again. And the price drop after the ICO is now becoming very reasonable.