Aside from Bitcoin, It's mainly all the new coins going up because all the old ones have a lot of bag holders. I guess the same is the case for Splinterlands. It could be seen with the jackpot chests and how all earned assets got just dumped on the market for $$$.

The game simply needs to be more fun and accessible for new players. Right now, everything is overly complicated and still expensive to get into. Max-level monsters in a way have become the norm which is nuts and should only really be something achievable for real whales.

I also think retail isn't here yet, BTC likely needs to go above 100k for that to happen. When they do come, I also expect them all to flood into memecoins which are just way attractive, addictive and fun compared to something like Splinterlands or Hive.

I guess time will tell.