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?
Partially I believe it affects but a little bit since the allocation in every bounty is very small percentage. I believe the ones that influence the price most are those private investors who got a lot of discounts and once the tokens hit the market when the price is good they take profits. I'm a bounty hunter but a very patient one, I dont sell below ICO price and I believe in longterm hodling.