Sure, could be. I mean, from my perspective the whole term ICO has come out of nowhere and there could also be some bullshit hype money around that too. I hadn't heard the term until a couple months ago and now there are articles about my employer having done one.

I've given up trying to guess the markets in cryptocurrencies... I wouldn't have the first clue how to divine any accurate insight from their movement alone. To me, there has been tons of really weird phenomena in the behavior of the altcoin markets for a while now.

I could also just be stupid :)