In a sigle ICO who are more? Bounty participants or investors?
Just come to think of it, some projects raised $5m , $10m , $15m , $20m , $25m or even way higher than that....
Bounty participants on a single project averages 500 people (includes all bounty programs) or even less. Let's say on a single ICO, they managed to raised $5,000,000. I doubt only 500 investors participate on that and will spend $10,000 each of them. Well for let's say it's possible how about those who raised $10m or higher than that.
If you asked that because of "dump", don't blame bounty hunters for that because overall bounty allocation is just having a small percentage on a whole token distribution.
Well that is just a case. There are projects who didn't able to reached even their softcap and have lots of bounty hunters joined their bounty program.