Everyone is hodling and waiting for the next big coin to move. Waiting for the next "big announcement" that motivated them enough to make a move or invest more.

The lull isn't based on the number of people, it's based on the activity.

Moon coins are going to be few and far between, but they will happen. Its just a matter of which technologies mature fast enough and with enough quality to be adopted by a major bank chain (just an example since I'm a stellar fanboy.)