[{"type":"paragraph","children":[{"text":"After years of airdrop dominance, crypto projects are returning to public token sales with unprecedented success. Here's what's driving the ICO comeback and what it means for investors:"}]},{"type":"paragraph","children":[{"text":"💰 Key Highlights:"}]},{"type":"bulleted-list","children":[{"text":"\nMegaETH sold out $50M in just 5 minutes at $1B valuation\nCoinbase launched first regulated US token sale platform since 2018\nMonad preparing $187.5M sale on Coinbase at $2.5B valuation\nOver $500 million raised across multiple projects in October 2025 alone\n"}]},{"type":"paragraph","children":[{"text":"🔴 Why Airdrops Failed:"}]},{"type":"bulleted-list","children":[{"text":"\nProfessional farmers exploited systems with hundreds of wallets\nRecipients dumped tokens immediately after claiming\nProjects lost value without building genuine communities\nNo real commitment from \"free money\" recipients\n"}]},{"type":"paragraph","children":[{"text":"✅ Public Sale Advantages:"}]},{"type":"bulleted-list","children":[{"text":"\nTreasury Funding: Projects raise operational capital directly\nCommitment Filtering: Paid participants show genuine interest\nRegulatory Clarity: KYC requirements align with compliance frameworks\nFair Price Discovery: Market participation establishes baseline valuations\n"}]},{"type":"paragraph","children":[{"text":"🏦 Coinbase Changes the Game:"}]},{"type":"paragraph","children":[{"text":"The exchange's new platform includes critical protections:"}]},{"type":"bulleted-list","children":[{"text":"\n6-month lockup periods for teams and insiders\nAlgorithmic allocation prioritizing smaller investors\nMandatory identity verification\nRigorous project vetting on teams and tokenomics\n~1 sale monthly, USDC payments only\n"}]},{"type":"paragraph","children":[{"text":"⚠️ Risk Warning:"}]},{"type":"paragraph","children":[{"text":"Not all opportunities are equal. Watch out for:"}]},{"type":"bulleted-list","children":[{"text":"\nValuation Inflation: Multi-billion valuations before product launch\nInsider Allocation: Discounted prices for early investors create asymmetric risk\nLiquidity Drain: Capital flows from existing alts into new ICOs\nMarket Efficiency: Easy arbitrage opportunities will compress over time\n"}]},{"type":"paragraph","children":[{"text":"💡 Investment Strategy:"}]},{"type":"bulleted-list","children":[{"text":"\nConduct thorough due diligence on team credentials\nFocus on cashflow-generating protocols over narrative hype\nEvaluate technological differentiation and competitive positioning\nDiversify across multiple projects to reduce concentration risk\nConsider lockup periods and execution risk carefully\n"}]},{"type":"paragraph","children":[{"text":"The ICO comeback represents a fundamental shift in crypto capital formation—offering both significant opportunities and risks for retail participants. Success requires fundamentals over hype as markets become more efficient."}]},{"type":"paragraph","children":[{"text":"Read our complete analysis with detailed insights: 👇\n"},{"type":"link","url":"https://blog.ju.com/public-sales-ico-comeback-2025/?utm_source=blog","children":[{"text":"https://blog.ju.com/public-sales-ico-comeback-2025/?utm_source=blog"}]},{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"ICO","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"PublicSale","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Crypto","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"MegaETH","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Monad","children":[{"text":""}]},{"text":" "}]}]