Seeing how many projects that conduct ICO are listed in Exchange at lower prices than it was stated during the ICO, investors continue to invest in projects.
Why are they still doing this?
Its either they are liking the progress of that project despite of it's value goes down due to the dumpers.
And the number one that the blame goes to the bounty hunters, most of the investors are blaming them for dumping their rewards so it makes the price go down.
But you will not know why people are keep on investing into such projects although it is starting to show bad charts but the one I mentioned can be a reason.