Well, the hype became huge after 3% death rate. Everybody ignores SARS in Asia that had 10% like 15 years ago which was hitting way harder and you could recognize it easier.
Like I said, corona deals with higher temperature, caugh, sneezing, problems with breathing, which is pretty much like a regular flu.
Completely new diseases happen quite often. This is not the first time. We've seen the invasion of H1N1 which disappeared as fast as it appeared while countries spent billions to prevent it. Vaccines were sometimes used but mostly to protect the most wounded population, then the virus became seasonal like every other. We've seen swine flu, birds flu, SARS and others just in the past 10 years. Ebola happened like 6 years ago and out of 25k people infected it killed like 11k people. Yet, despite all that, corona is getting the biggest hype ever, even in the countries like France where it killed 4 people.