I think most of the people and also the ICO believe that bounty is main reason for the dump of the coin.
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If you can say this, it then means you are one of those who dump their tokens as soon as they get paid.
I have seen several coins that dumped despite not paying bounty hunters. Some intentionally delayed paying bounty hunters, yet their tokens dumped.
Will you still say that bounty hunters are the cause.
There are several tokens I got from bounty, which I am still holding.