It seem that almost all ICOs that get listed on exchanges usually plunge in price soon afterwards. Are bounty hunters responsible or is it as a result of the general bearish market condition?
Yes, it's because of bounty hunters sell all their tokens that they got from bounty. That makes the token price fall. I think it's normal happened, just wait 1-2 months until the bounty hunters sell all their tokens and wait until the project reach a roadmap or release a platform or a big update about the project, usually the price of that token will go up.