Bounty hunters has this habit of dumping and move on to ETH or btc or even other alts that they believe in as the new project are yet to be tested for best in the market but now we are facing a down time in the whole market which really have much effect than dump and even if the hunters don't dump the price will also dump but the believe of people see hunters as the major problem in market but to me there is more to that .
It this maybe true, it is not only the bounty hunters that were dumping in my opinion. Bounty allocation is just a small percentage that it could not affect the price of the token even when dumped all. It is the community of that said token is dumping possibly investors or the team itself as they have the bulk of the supply.