True believers, hodlers, will not sell even in times like these, when 95% of alts are pure pumps.
I do believe that the crypto market is overvalued at the moment. Or maybe I'm wrong and this is only the beginning phase of an incoming dot com.
I'm a hodler, with 99% of my portofolio in a single coin in which I believe. I know this is bad, but I'll stick with it till the end.
But yea, to the op, day traders, speculators will benefit from this pump.