As I have noticed these days, when the ICO hasnt finished yet and the sale was still on going, the bounty tokens has already been distributed and also unlocked they sell it immediately on forkdelta or etherdelta for a much lower that ICO price, in which it could greatly disturb the sales in tokens. As for you the investor on that token, would you panic when you see that the tokens you own already selling at much lower price?
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yes, certainly how crazy is that if a team do like that. it will hurt all real investors and project will don't have good result
people will angry and lose their trust will that action and if project good enough they will go to buy it in the cheaper place certainly.
And the angry participants will make their community really chaos!