RE: SPS fall down 45% from Top AXS rally 45%: Reason liquidity in markets

The beginning of the 'big whale dump' was right when VOUCHERS started to come out. My perception is that whales had been stockpiling to see what the emission rate would be and then sold off the amount they didn't need to hit the 2000 pack target.

Hard to say though, since 4 week staking cooldown makes for markets that respond very slowly to news or changes.

I wouldn't worry too much about the tokenomics of SPS though. The team has proven design ability, and a lot of experience with what works and what doesn't. If game adoption continues, then SPS will go back up eventually.

BTW the charts you used for SPS are denominated in HIVE, not in USD. You should always do price comparisons between tokens in the same base currency (or if the alternate base has an impact on price, like in this case, then show both charts).