In the past, there were many people (myself included) who felt like they had to FOMO in to everything that was ever for sale. So much so that we worried about how quickly things would sell out. Well, back then, there was a reasonable expectation that these assets would increase in value in the future. That is no longer a reasonable expectation, in my opinion. I think we might be overestimating how many people are left that will buy these cards. I almost certainly will not be buying any of them.

This exactly! Many older MAX level cards now go for under 4$ which is ridiculous given how much was paid for them. If Splinterlands doesn't find a way for card values to somehow hold up I would say it's dead as not enough people are going to be willing to buy new cards or packs which clearly can be seen now. Rebellion isn't selling and they are coming with a ton more promo cards all of a sudden. Card burning is needed right now to save the game, not more card printing. Feels like we are still in the loop to flood the market with assets to pay the high costs of running the game which makes things worse and worse for players as the game itself hasn't improved in 5+ years staying just the same. New players aren't going to come in if they don't get the sense that their investment will hold up or increase over time.