The new trend of the crypto market is that IEO has gone well and there are very few people benefiting from the projects organized by IEO. In the beginning of that IEO trend was BTT, a cryptocurrency of the online data platform Bittorrent, which has increased its value many times. The projects that were organized by IEO later were similar. I think the exchanges have teamed up with IEO project owners to create ponzi models that make the value of these projects rise abnormally high. Garbage projects have also been organized by the IEO and prices are uncontrollably discounted.