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The Drip was obtainable in Season 5: "Let the Memes Begin" by reaching level 8.
It has become apparent to everyone that Drip has basically peaked out in value, and will not rise any further. A lot of traders are already starting to trade away theirs, and while it still gets pretty good offers, its nowhere near as good as it was a few days ago, with some owners settling for just Power1/Vantablack with little adds. As the hype is basically gone, the tag will now be removed.
Supply is widely distributed — no single holder owns enough to register as a hoarder.