According to @milesdeutscher, investor demand for ICOs surged in 2017-2018 as billions of dollars flowed into token sales, creating ICO boom 1.0. Source: @milesdeutscher on X, Dec 8, 2025. For traders, this marks a distinct historical cycle where capital concentrated into new token offerings, serving as a benchmark when evaluating current token sale activity. Source: @milesdeutscher on X, Dec 8, 2025.