And this is exactly the reason why many project have not listed their token on any exchange. Even those ones that conducted their public sales on exchange platforms such as dobitrad and Latoken. This is because they know ones the token is listed, it will practically get dumped most especially those one that offer huge  discounts and also have bounty program. As far as the market does not recover fully well. It will be hard to make great profit from investing and coins will end up worth less