the funny part is that nobody cares!
those experienced enough who can see this, will either avoid it at all costs or enjoy the profit while it lasts and are the first ones to dump ether before anyone else to secure their profits.
and the rest are just sheep who follow that coinmarketcap.com shows them as "top" cryptocurrency! and they always get burnt and leave the altcoin scene forever and most of them will only have bitcoin for the future.
ps
[Manipulation 101] Market cap 
This is true, no one really cares as long those who are big holders making their money then they wont really bother at all.We would really able to say that this is one of the most biggest altcoin next to bitcoin seeing on marketcap and newbies or fools could really able to say such thing and as you said in the end we would still hold up bitcoin.