Also really interesting: the hype and attention around Plasma wasn’t nearly as big as you’d expect for a sale that filled $500M in just a few minutes.

Sure, a few people mentioned it here and there, but it’s wild how many were quietly sitting on the sidelines, waiting to deploy - keeping the alpha rather to themselves.

There are definitely some key lessons in that, especially when you compare it to something like Loudio:

Big and smart money doesn’t flow where the noise is loudest - it flows where the fundamentals are strongest.

Seems like there’s still hope for this industry.

It’s fundamental ICO season.