It's not only hunters and airdrop, but seed and private investors.
Even the team could have dumped some of their reserve
that's what I thought. but the momentum created during the bounty distribution made all these problems belong to the bounty and airdrop hunter.
Private investors and teams who want to throw away their money at the same time as bounty hunters selling their prize tokens can of course make a decline. when demand is less and many are selling it will inevitably be a severe dump.