What do you mean ICO? Lol, that market has been dead for years already, we have IEO that replaces that whole scheme.

But if you talk about IEO, during it's hype some of the top tier are really enjoying because obviously there are a lot of money flowing in their launchpad. But it seems it's also a dead trend now, because we have new hype like Meta and P2E and others. So forget about ICO/IEO though, it's already 2023 and no one is talking about it anymore.