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?
Sadly, I may say yes. Some of the bounty hunters (not all) will sell their token cheaply on the untursted or fork exchange (not in their official exchange of the ICO). the price commonly will be sold very cheap. It can lead the others to sell their coins cheaply. Of course, if it is going on, the price of the token will be dropped easily after the distribution. It really makes sad.