Q2 2026 is on track to become the worst quarter for ICOs and IDOs in the last five years! Projects raised just $58M during the quarter, an 85% collapse compared to Q1. The number of token sales also fell sharply, dropping from 105 to just 37 (-65%). The #data suggests investors are becoming far more selective, with capital increasingly flowing toward established assets and AI-related opportunities rather than speculative token launches. Less funding means fewer new projects, fewer launches, and potentially less sell pressure from freshly unlocked tokens. But it also highlights how far market appetite for ICOs has fallen from previous cycles. For now, the era of easy money for token launches appears to be on pause. 💛