Home Financial Investigations Shipchain ICO Investors Take To Internet To Lament Over Lost Money

Shipchain ICO Investors Take To Internet To Lament Over Lost Money

December 31, 2018

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According to announcements from Shipchain on their ICO, people invested approximately $30 million dollars in the Shipchain ICO. According to Coin Market Cap, the Shipchain ICO is down nearly $28.8 million dollars this year, leaving investors in the ICO with virtually nothing.

According to Coin Market Cap, Shipchain (SHIP) was trading in March of 2018 around $.30 per coin. As of 12/31/18, Shipchain is trading around $.005 per coin.

Investors in the Shipchain ICO have taken to the internet to lament of their fortunes lost, many directing their complaints to Shipchain CEO John Monarch:

The Rush to Invest in ICOs and Risk of Investment

Earlier this year, investments in ICOs were all the rage. Enthusiasm for new cryptocurrencies was fueled largely by the well-publicized success of Bitcoin, which has lost approximately 80% of its value this year.

Everybody who had missed out on Bitcoin wanted a chance to get in on the action, and get in fast on the new ICOs. It is easy for investors to get caught up in the urgency and hype of the crypto marketplace and hastily sink their money into the latest ICO, without much information about the token or its promoters.