I invested and joined as bounty hunter in many ICO which has good concept, experienced team members and also good hype but after listing price drops very much. Some of project also not recovering since long time. Any comment.
Probably because some investors didn't really bought into the ICO and then they just dumped them all immediately since a lot of bounty hunters like us would normally just dump the token when distributed and released in the market. It does happen quite often nowadays.
It is also possible that if that project owners created just to make some quick money they theme self will dump their coins to make quick money and sell off immediately as they do not want to hold it back a long because they know that it is not the long term project or they would not get the price which they are getting it now.