Was scrolling “ended ICOs” on ICOdrops

and yeah… it’s rough.

2025 launches have been a massacre.

Almost everything is red
and the further back you go, the worse it gets.

There was a stretch late ’24 → early ’25
where not a single ICO held a positive ROI.

Not one.

That’s not bad luck.
That’s no liquidity + silly valuations.

Retail isn’t here.
2021 pricing is still being used.
And teams have been… let’s say aggressive.

Everyone ends up burned,
VCs, KOLs, communities.

Trust is cooked.

Good launches will come back eventually.

But they need real liquidity first.

Until then, this market is just chewing projects up
and spitting them out.