Good analysis., but lets take it into this perspective that they are investors and all they want is to make a profit, they dont really care about the project they are investing and that is why people are panic selling those tokens maybe below the ICO price. Yes it is presumably worse for the ICO project because of this attitudes of the community, they are somewhat cutting the possible high percentage of losses in the future. Maybe we need to understand people perspectives in this matter, over all each of us should be aware and realized that ICO project created in order to make a human business better.