The frequency of wallet IDOs and Alpha airdrops has changed from once a week to now once a day. Assuming an average circulating market value of 60 million, the market needs to absorb about 10 billion in selling pressure from new altcoins over six months.
This does not include the major projects directly launching on the main site, as well as celebrities and companies coming in to issue tokens for a quick profit. Don't think about the big altcoin season anymore.