According to CryptoRank data, the second quarter of 2026 may become the worst-performing quarter in the past five years for ICOs/IDOs.


Funds raised through IEOs, ICOs, and IDOs in the second quarter of 2026 totaled only $58 million, a 85% decrease quarter-over-quarter; the number of public sales also dropped from 105 in the first quarter of 2026 to 37 in the second quarter of 2026, a 65% decline.
Among them, only 13 token sales were recorded in May, the lowest monthly level since December 2020, when the market had only 4 sales.
Previously, the public fundraising market peaked in the first quarter of 2025 with 429 sales raising nearly $849 million, but has since continued to lose momentum.
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MultisigOnRocks
· 4h ago
From 850 million to 58 million, this slide down is faster than DeFi yields. What are VC firms doing now?
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BreadthHunter
· 4h ago
$58 million? It still hasn’t raised as much as even one of those “shitcoin” rug-pull projects—this market is really cooling off.
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