This is my theory exactly, almost all icos that have recently been released have traded well below ico price upon dropping on exchanges. Naturally as the price of Bitcoin and Eth have dropped and Eth being the usual coin of choice to buy into icos it is inevitable that they also would crash upon release. Coupled with the associated risk factor, I fear that interest in icos will decline as profits are much less guaranteed. Many investors will have funds tied up in under performing icos as well.

To reverse this trend the seedy icos need to be pushed out of the market with perhaps the help of some kind of decentralised regulatory apparatus so the community involved can decide, also the whole market needs see some green again or it makes much more sense to just hold already established coins