I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.
I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"
Bounty hunters receive a reward, a very small percentage of the total volume and cannot significantly affect the fall in prices for tokens or ICO coins. When the companys tokens enter the stock exchange, orders appear with very large amounts, and these orders do not belong to the hunters because they do not have a large percentage. Investors themselves probably do not believe in the future of the project and sell as soon as possible. For this reason, the price falls, and the project team is difficult to recover.