2025 ICO Resurgence Sparks Debate Over New Growth Cycle or Speculative Bubble

As per BeInCrypto, the crypto market is witnessing a powerful comeback of Initial Coin Offerings (ICOs) in 2025, with projects raising tens of millions of dollars in minutes and major players like Kraken and Andre Cronje entering the space. The return of ICOs is stirring both excitement and anxiety among investors, as it raises questions about whether this marks the start of a new growth cycle or the prelude to another speculative bubble. MegaETH recently raised $50 million in five minutes and reached a $1 billion valuation, while Jupiter (JUP) and Flying Tulip are also preparing major ICO-related moves. Kraken has partnered with Legion for MiCA-compliant token sales in Europe, and new platforms like Cobie’s Sonar and Nomad Capital’s BuildPad are emerging. Experts warn that the new ICO wave could favor institutional investors and crypto whales, leading to inflated expectations and systemic instability. Arthur Hayes of BitMEX argues that ICOs, if designed fairly, could rebalance power between project teams and investors.