IDO fundraising plummeted 85% month-over-month. This data makes people's scalps tingle. With the market so cold, can we still wait for spring in the next cycle?

CryptoWorld News reports that, according to CryptoRank data, in the second quarter of 2026, early issuance/IDO fundraising amounted to $58,000,000, down 85% quarter-over-quarter, marking the worst quarterly record in nearly five years. The number of public sales fell from 105 in the first quarter to 37, a 65% decline. In May, 13 token sales were completed, the lowest single-month level since December 2020. In the first quarter of 2025, there were 429 public sales, raising $849,000,000, and the current fundraising amount is more than 14 times smaller than that peak.