There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
Not all bounty hunters are dumping or not all bounty hunters are the cause of dumping in fact I have seen one coin being dumped and bounty hunters share are all still locked in their wallet, it's the huge bonus that they offer to early birds investors that caused the coin to be dumped, and still go down to the kind of project that you have, people will dump if they sense the dev will leave the project.
I think bounty hunters are just the tip of the iceberg. the main dump of the coin price is not at all because of them. maximum damage which bounty hunters can cause to the project is 5-10 percent. the rest of the coins are sold either by the team or by some interested persons.