Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.
But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.