Why do you call it "bounty hunter dumping" ? Do they actually have enough tokens to dump the price? Above, you have said I'm confusing total and current circulating supply. What is % of all circulating tokens do bounty have right now?
What can you about token price being already dumped, before (usually few days before) distribution? This is also a frequent situation. Again bounty hunters are responsible for that?
According to whitepaper, they sold
164,022 tokens. And if i recall correctly, first price level in IEO was ($0.1) per NMX. So i actually would be very puzzled if they wouldn't sell for 20x profit, especially if they are staking their tokens and just selling those.
Also according the whitepaper nr of bounty or won tokens was
7,341,634 NMX, so there's no change that they could set up a buy wall for that with the amount of money they collected.
Circulating token amount you can see in the contract address.
Why do people blame hunters for dumping? What they do is just selling their rewards aka trading. They are bounty hunters, not bounty hunters-holders. If they know that the project is perspective, they will never sell rewards. But those who does are they one who are short of fiat money, impatient, dont care about project. These kind of hunters usually dont have a lot of tokens/coins to dump the price. These are social media bounty hunters, who got $5-30 worth tokens. Do these kind of hunters able to dump?
There are ton of different kind of bounty hunters working for different reasons, but a huge amount of them are from poor countries and would sell at any price that seems low to you because that's a lot of free money for them. I've even doxxed one cheater in the past that had outsourced his work. He was basically paying others to write stuff for him. For some of them btc is a scam, or they don't give a crap about crypto and they just want their free money as fast as possible.
There was a time when you could farm btctalk accounts and use all of them for different signature bounties for example and there are ton of bots trying to do telegram campaigns. So when someone has tens of different bounties going on simultaneously they don't really give a shit about the price action, because they already know that large amount of projects are involved in are going to be exit scams or useless projects.