Probably, this is one reason why a lot of the ICOs are being scrutinised. A small number of investors buy up the tokens, the ICO then sells out in record time

Probably, this is one reason why a lot of the ICOs are being scrutinised. A small number of investors buy up the tokens, the ICO then sells out in record time and looks like it’s some kind of amazing hot tech. As soon as the tokens become tradeable, the value is immediately several times higher (due to the hype) and the original investors cash out a large portion of their investment. Due to the immense amount of capital they can then rinse and repeat on every token sale and spread out their portfolio across the entire crypto space. If a token does skyrocket they’re invested enough to still profit.