I think because of the failed and protracted bounty campaign, hunters are angry at the project and will try to sell everything immediately

i have read a news about atlant airdrop
that ATL airdrop campaign organized by @OKEx
http://mp.weixin.qq.com/s/4O_nRqht_netbsFMxi9zIQ
also bounty distribution still not paid to bounty hunters that is not good at all. it will impact negative on the project 
but atlant price value is rising again today its up by 12%

Exactly, the volume are more important because it will tell that the investors are increasing or the interest of the traders
are increasing, price can easily be manipulated especially when trading with a low volume. Now, the combine volume of all exchanges is less
than $100,000, this should grow first.

I think the volume will not grow up till the platform is fully development which is in March and April (for p2p rentals) and also the dev have not yet  promoted their product. So ATLANT will be under radar for a while

So if total supply is 315.000.000 and the price per token is 505 ATLANTA per ETH, so the maximum cap is 623.762 ETH
So it will be great project, like GNOSIS
corect if wrong

See from many days bounty people are asking the same question again and again when are they going to pay bounties. After releasing spreadsheet they should manage to pay the bounty hunters but still, now there is no progress from the team.

That would be the right decision. Paying rewards after launching the platform will only slow the growth in value

Yes it is quite possible, I met such projects, and it did not prevent growth of the price in some of them

Any specific reason why the price is dropping so hard.
I hope bounty not yet distributed

yes this is huge percentage but one more thing
when 20% bounty will release then its 24 volume will increase
because many of the bounty hunters try to sell and many of them try to buy more due to price decrease by weak hand
trade of ATLANT in exchange will increase and ATLANT will surely get huge volume and that's very good thing and its impact on the token price positive
after weak hand sell all of them
24 hours volume is important for investors and it helps this token to list in the exchange