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Ocean Protocol tanks 70% on Bittrex following IEO conclusion

The latest Initial Exchange offering (IEO) on Bittrex has seen another project tank right off the bat following the market opening for trading on Bittrex.  

IEO investors of Ocean Protocol were not very happy when the project listed on Bittrex and immediately dropped 70% in value.

Ocean Protocol raised over $30 million from both retail and institutional investors, with their seed round held in early 2018. The price per token for IEO investors was $0.12...

Investors were shocked when the project tanked down to $0.02 and has settled around $0.04 currently.