I have witnessed almost 5 consecutive ICOs that is a hyped ICOs and also sponsored a bounty campaign with big rewards goes way below ICO price. The ICO have a lot of potentials to have a high price. But when the time comes when the ICO concluded and when the time comes when it hit on the first exchange the price really dips hard. Is bounty hunters one of the cause of the price dip?
yes, bounty hunters give the effect of fall the price. but they just a few, not all bounty hunters sell their token instantly after they receive. There are some people don't care what ico goals. Sometimes they don't even care whether the coin has potential or not, they just dump it.