So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.
Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.
There won't be any guarantee that locking token rewards for bounty will prevent dump in the market.
They think the investors invested on their project will never sell their coin, but they are wrong.
Some whales investors may want to sell some part of their token to invest in another better project they just found.
Although hunters do not do it in every project, but they are the reason for most of dump. Yeah, investors sometimes sell their coins, but because they think they are gonna get it cheaper. I have done this a lot of times.