This is what i like to call, "the post ICO dip" and is why i don't invest in ICO's. I've noticed it happening all year to majority of the coins after hitting the market.
Storj: you will notice it started at about $.52, shoots up to $.84 quick, and within one week dips to $.29
AdEx (ADX) starts at about $.25, dips to less than $.11
Monaco (MCO) starts at $2.25, small shoot up to $2.40 before the major dip to $.64.
Bancor (BNT) starts at $4.49, dips to $1.40.
FUN starts at $.017, dips to $.11
TenX (PAY) starts at $1.11, dips over 50% to $.53.
Basic Attention Token (BAT) starts at about $.17, dips to $.07
SALT starts at $6.91, dips to $3.52 in the first day.
When i can buy coins after the ICO at less than half price most of the time, why invest in the ICO? Over 90% of the ICO's i've researched over the last 6 months have had a major dip within the first few weeks of hitting the market. All of these examples i've posted here had their dip in the first 3 weeks of trading.
This is not investment advice, it is just the reason why i personally would never invest in an ICO until it hits the markets.