According to CryptoRank data, the fundraising amount of ICO/IDO in the second quarter of 2026 was $580 million, a decrease of 85% compared to the previous quarter, setting a record for the worst quarter in nearly five years. The number of public sales decreased by 65% from 105 in the first quarter to 37. Completed 13 token sales in May, the lowest monthly level since December 2020. In the first quarter of 2025, 429 public sales were made, raising 849 million US dollars. The current fundraising amount has shrunk by more than 14 times compared to the peak.