The market will change irrevocably once Pump launch.
A fat airdrop could introduce new liquidity back to the traders, which would be bullish for all the trenchers to be rewarded - for example $HYPE.
On top of this, it’s very possible that the Pump private sale of $1bill may include new liquidity from Web2 institutions who want crypto exposure which might get the ball rolling for an alt (ish) season.
Pump are developing into a social media platform more so than launchpad so my thoughts are that the great extraction being spoken about is just bearish FUD.
We’ll soon see my lords, gm