this is mostly because the bounty hunters will do it for the money, the bounty hunters sell tokens after the project goes on the exchange, it is like the project is paying ads to the bounty hunters.
Of course they can sell immediately, because it is money and reward for their work. But I am very upset with projects that delay distribution and offer many reasons to protect prices, which are really bullshit projects and not worthy of concern.
Yes, the budget of bounty is very low. This year I see many bounty with a budget of $ 10-20k, but they are constantly delaying distribution and the reason is price protection. Amazingly, for such projects, if they want to protect the price, they can exchange the reward for ETH or stablecoin. But their decision is to postpone it indefinitely