The pump's heyday is over, and now it's on a downhill slope.
Even the blood from the meme market is being sucked, but it's quite difficult to draw blood from the secondary market. The market lacks confidence; it's not something that can be boosted just by a pump.
A market cap of 4B for public offerings is undeniably high during this period. It's better to participate casually and see if there's an opportunity to short later.