Experts Warn the New ICO Boom Could Repeat Old Mistakes

[cryptoenthusiast]

Analysts are urging caution as ICOs return.
Critics say today’s token sales favor institutions and whales, echoing the extraction cycles of past booms.
Arthur Hayes argues ICOs could rebalance power if designed fairly — but warns the high FDV–low float model risks eroding investor trust again.
The new ICO era is here — but whether it’s innovation or déjà vu remains to be seen.