"The pump was very steem specific as opposed to riding the coattails of bitcoin..."

I do not agree! Most coins increased considerably in value over the past few days, and are now falling back.

"it was good news no matter how you slice it."

Good news for day traders perhaps, but not for long term investors. I'm sure that those who bought in at $0.14 or $0.15 and sold at $0.22 are quite happy. But what about those who just bought in at $0.22? I'm sure they have a much different view.