People don't always buy on hype. People certainly don't always sell out of fear. That view sort of gives people little credit.

*Unrealized profits. Most people are staked and illiquid. 

China exchange listing pumps are exciting, but I don't see the rest of the crypto community lining up just yet to push us up to a new level of adoption, development, or price discovery. I think much of the trading recently was people playing the scenario, or just blindly buying a shiny new coin on the news.