Is ICO still an opportunity or has it gradually lost its appeal?

Has the frenzy $ZAMA passed?

Since October 15, 2025:

▪️ 25 projects have conducted ICOs

▪️ Total raised capital: 462 million USD

▪️ 12 projects have not yet TGE / have not launched token → the game is still undecided.

▪️ Among the 13 projects that have TGE:

> 10 projects are trading below ICO price

> Only 2 projects are higher than the selling price

> 1 project has completely rug / collapsed

👉 If we only look at the projects that have TGE, the rate of return for ICO participants is currently quite low.

But with nearly 50% of projects not yet TGE, the picture cannot be conclusively determined.

Have you participated in any recent ICOs?

ZAMAUSDT

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