This is just my little observation in recent times; that few days to certain bounties distributions, coin/tokens that were already listed on exchange(s) immediately dump in its price.
I think as a hunter, I have been observing this alone, but i also considered that some hunters might have experienced this situation. Please shared if you have been noticing this sudden price dump. I stand to be corrected.Thanks all.
It happens always with most projects and this is due to the sheer selfishness of project owners; and sometimes the intelligence of token hodlers. HOW?
Project owners are not supposed to announce distribution date, or day to anyone; the rule should remain that tokens will be sent after 2 weeks of bounty and the tokens should be sent in an undisclosed day within the 2 weeks. That way whales would not be aware and there would not be an intentional dump or pump scheme.
Also, projects owners take advantage of the bounty distribution to dump on the investors; while sharing bounty tokens, team also dump over half of their tokens discreetly, causing a drop in price and shielding the blame and spotlight away from them.