Why would ETC pump any further from upcoming fork when it has a massive 6.5 billion supply ? That coin may only be worth pennies 
Please don't confuse the maximum supply and the circulating supply... CLO is being distributed at a 1:1 ratio, so there will be the same in circulation as ETC at the time of the drop. CLO can be mined, and it is also cold staking. Which means like other coins, the supply will steadily increase over time until it hits its max supply, which in this case is 6.5 billion. The market cap of every single crypto out there is only worked out using the circulating supply, not the maximum supply.
CLO will certainly not be worth pennies, and it could be the year 5000 before it actually reaches its max supply.