I have never even seen any good reason for huge caps, and the funniest thing is that some of them do not even really have so much to offer in the first place and all they care about is to make huge and shit load of money. Trust me, the main theme for the ICO market presently as far as I am concerned right now is 'high level of greed'.
What is alarming is that they do have an MVP product as claimed yet they postponed their ICO after months of doing bounty campaigns because they thought later on when the market is stable, they can acquire more funds if they resume the bounty campaign. They were several of them already, they are still there waiting for the moment that bitcoin will be more than $10K again.