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The Drip was obtainable in Season 5: "Let the Memes Begin" by reaching level 8.
It is clear that Drip has now stabilized and is not improving further in trading. While it has not recovered back to its original high/excellent demand, it's safe to say that it's a very solid item that performs very well in trading and is capable of getting overpays in high demand, which is why the tag was removed.
Supply is widely distributed — no single holder owns enough to register as a hoarder.