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Dumping of a coin does not come from bounty hunters alone. Some bounty hunters dump their tokens because they do not take time to study the capabilities of the coin in their possession. However, i can say the excessive part of dumping come from the ICO investors who out of panic sell their coins for fear of losing their money. For example, a coin like 4New KWATTS had a total allocation of 18,000 KWATTS for bounty hunters but right after its listing, a total of 40,000 KWATTS was dumped. The question is, where from the 22,000KWATTS. It could be from the team or investors.