The excitement surrounding initial public offerings (IPOs) in the cryptocurrency sector is beginning to subside, as investors and market participants come to the realization that mere hype and enthusiasm cannot effectively address the underlying issues of shallow market conditions. In other words, while there was previously a frenzy of interest and optimism about the potential for crypto-related companies to go public, this fervor is now waning as economic realities set in, highlighting the need for more substantial fundamentals rather than just speculative buzz.
source: https://blocknews.com/crypto-ipo-fever-is-cooling-as-capital-realizes-hype-cant-fix-shallow-markets/