Rough valuation: if 125BTC was collected during ICO, and that represents roughly 5% of coins, total valuation is 2500 BTC.  That puts it at top 30 coins right away (well, less since coins need to be mined).  So I think maybe people are worried that price could drop a bit initially with mining dilution.  I don't think that's the case, since mining will be slow (~72 days to double ICO coins), but hey, I'm not a crystal ball...