As I have noticed these days, when the ICO hasnt finished yet and the sale was still on going, the bounty tokens has already been distributed and also unlocked they sell it immediately on forkdelta or etherdelta for a much lower that ICO price, in which it could greatly disturb the sales in tokens. As for you the investor on that token, would you panic when you see that the tokens you own already selling at much lower price?
I am not panicking at all. I only take out money to live on and the res tof my coins I am waiting for next big bull run. Not to mention that people who buy into among the first ones, in pre ICO with a lot of bonuses likely sell vast amount of tokens at the beginning of tokens being on exchanges.