Binance Wallet Leads Token Sales Amid Slowdown in VC Funding

August witnessed a notable shift in the cryptocurrency fundraising landscape. Despite Ethereum’s historic price surge and record-breaking volumes, token sales saw a significant slowdown across various platforms. The IDO/ICO market experienced a downturn, mirroring a historically slow period for crypto. Binance Wallet emerged as the leading platform for token sales, driven by liquidity and buyer demand. However, this success hasn’t revived the overall ICO season. The market continues to grapple with skepticism from investors and a saturated environment of new asset launches.