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?
from my experience indeed when the ICO finished when the first exchange rate average is on the down. if the cause I do not know whether it is a market strategy or how. which I certainly see is like that.