ICO was booming around 2018. But it significantly decreased in 2019. And this year, 2020, ICO is really heading to dead. Many projects prefer not to use ICO, only a few. We have already known that ICO will mean nothing. It only gains the fundraising, promising for some exchanges, no exchanges, and then dead coins without any clear announcement about the project. Many ICOs face this problem. Most ICOs cannot avoid being shitcoins or failed projects during the fundraising or even after the ICO has ended.

Moreover, many people said that ICO is only a way for the developer team to earn money freely from the investor and get free labor for their promotion. So sad but it is true the real fact. 

And about this:

I have no intention of discus about it. we do not know whether SEC is really working or bot, getting high rate and value or not. It may be only for the booming time and then it will pass without any people aware of it.