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ICO Valuations vs Market Reality Most projects continue to launch with valuations that simply don’t reflect current market conditions. Inflated ICO FDVs may look impressive on paper, but the market has been consistently repricing these expectations after TGE. The gap between ICO pricing and reality is becoming harder to ignore: $ALMANAK $90M → $2.22M (−97.5%) $VOOI $113M → $8.23M (−92.7%) $IMU $134M → $32.3M (−75.9%) $RNBW $100M → $26.6M (−73.4%) $HAR $25M → $7.38M (−70.4%) $ZAMA $550M → $191M (−65.2%) $AZTEC $350M → $204M (−41.7%) $UP $50.7M → $34.9M (−31.1%) $KDK $35M → $25.7M (−26.5%) $ESP $402M → $307M (−23.6%) @TOP7ICO