Bounty hunters are alwasy blame for selling their tokens so quickly without waiting for the project develpment as outline in the roadmap. I don't think bounty hunters are to blame because a lot of bounty hunters hold their coins for years.
The developers should rather be blame and not the bounty Hunters because they are one who want free service. Many bounty project are out to scam investors as we have seeing over the years in the crypto currency community.
because those developers are too greedy and they don't wanna spent their money to create a good partnership with the exchange site. The developer must be a party that must have blamed. as long as the dev think liquidity is very important and the dump will not happen dude.
It's not that simple to be honest, even if the token get listed on exchange, the price can also dumping too.
There are many reasons why the price of token dumping and yes one of the is because of bounty hunters, because as people know, bounty hunters always sell their token directly after they received the tokens from bounty.