the amount of tokens from airdrop probably very less but if plenty of people sold their tokens at the same time that's similar such as dumped their tokens and i do agree with many people at here that airdrop is the main cause why tokens price dump and it was already happened several times on particular exchange that tokens are dump from airdrop participant and difficult to rise up again
Disagree, bounty and airdrop allocations are very small amount of money compared to the collected amount of money from the ICO investors. Numerous ICO earned for about $30,000 which is a great amount of money that comes from the private and public sale. When the token gets listed in an exchange, there is a greater risk that the investors will dump their token, that causes the price fluctuation coin. Airdrop and bounty hunters is not to blame here.
Some are to blame, bounty hunters are dumping and airdrop token. Investors are not dumping in a first exchange i think because they want a big percent of profit. They are also whales in the crypto world.