Do you actually believe this is the bounty that keeping the price down? Guys, they only paid 20% of the total amount, couple weeks ago. I do believe most of bounty hunters had sold out their free coins at the higher rate. And as far as i know, Edgeless is not the only project that gives a bunch of free coins. Most of ICO coins gave lots of free coins but it's not holding the price from going up.
Yup and professional bounty hunters are not dumb most ppl don't dump entires stashes on the market at once, only poor plebs
or new traders fat finger.
Most of the bounty hunters are investors as well, it's a win win for them to support a certain project because if it is successful
they are paid for their effort and at the same time their investment will grow.