SPS Price has been falling ever since it's high from October 11th.
But why? The game is still growing with more than 10k newly active players a day and Chaos Legion presale is underway.
Simple answer for me: People are buying Chaos Legion presale packs with SPS (because they get 10% off on each purchase) and Splinterlands is liquidating at least some of those SPS.
This is a Screenshot from the last AMA (10/22/21)
Though I've personally had hoped they wouldn't liquidate any SPS, it seems clear now that they have and will continue to do so in the future.
This isn't a bad thing!
It would be worse if SPS tanked, because players or investors sold it off, because they lost interest in the project.
This might actually present a good enty position and oppurtunity for people to invest into Splinterlands.
I personally am still super bullish on the future of the game and will hold on to my SPS.