[CryptoRank: Q2 2026 Could Be the Worst ICO/IDO Quarter in Five Years, Raising Only $58 Million] Odaily Planet Daily News reports that, according to CryptoRank data, the second quarter of 2026 may set a record as the worst quarter for the ICO/IDO market in the past five years. Data shows that only $58 million was raised this quarter through IEOs, ICOs, and IDOs, a quarter-over-quarter decline of 85%. The number of public sales dropped from 105 in Q1 to 37, a decrease of 65%. In May alone, only 13 token sales were completed, marking the lowest monthly level since December 2020 (4 sales). Previously, Q1 2025 reached a cyclical peak, with 429 public sales raising nearly $849 million. Since then, momentum has continued to weaken, with the current fundraising amount shrinking more than 14-fold compared to the peak. Analysts point out that investors are becoming more cautious, the demand for public fundraising by new projects has significantly diminished, and token public sales are gradually losing their status as a mainstream financing tool.