This is the next trend for DeFi projects so expect a much worst price drop especially on those projects that pumps so high without any basis.
There are too much projects doing this right now on the eth market. Many traders are hook on investing on these shitcoins thats why so many have loses fund. Well other people take benefit on this but of course this is quite risky compared to real defi projects. If I were those investors I focus more on major crypto instead of these.