This as been a question running through my mind always. All ICOs have their ICO price and sales price. The ICO price is usually lesser than the market price (that is why people invest to make profit when its listed).
But this days when coin is listed the price drop drastically much more than ICO price which left the investors of no profit.
What could cause this drop when listed?
Let's hear our own though please.
When token sale occur, there are bonuses for investors which can sometimes be so huge. And in addition, there is also bounty even though the allocation isn't too significant. When the token hits the market even though the price is below the ico price, some big investors have already made a profit if they dumped it. That could be the reason why prices fell deeper after being listed on the exchange. While most hunters will sell their rewards as soon as the token give an enough value. That's what I know!