Burn SPS Burn.....
We have seen some significant growth in terms of price in SPS for the last couple of days. This is something to look out for in the coming days. SPS retaining its former glory and preparing for a big run is what's being expected by Splinterlands player, investor and in gamers mind. The presale of new sets of cards aka Conclave Arcana has begun. Since it has started a lot has been happening and SPS has been seeing some positive impact.
On a recent Tweet on X, we have seen a huge amount of SPS has been burned throughout the inception of Splintershards. This is something to look out for. Over 134 million SPS has been burned and the number is still rising and it will continue to rise, since the presale has started. The exact data of $SPS (Splintershards):
| SPS Price | SPS Burned | SPS Circulating | SPS Staked |
|---|---|---|---|
| $ 0.0101 | Over 134 Million | 1.48 Billion | 961 Million |
Can you imagine the amount of SPS being burned during this whole campaign? I mean, the sum is literally insane. When you get to witness, the whales, team members, investors jumping onto the sale and helping the ecosystem thrive, it does gives out positive vibes all along. That being said, till date the burning amount(during the event) of SPS has crossed over 10 Million.
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Throughout this event, I can only imagine people are going literally crazy to get their hands on these new set of cards. It is literally a warzone going on in the campaign. The grab of Whales is on! The team members are also doing their best to be a part of this campaign. As you can see Yaba has been doing his part and prepared to get his hands on in this campaign. That being said, this SS has been shared on his official Twitter account. During the period of burning his total stash of SPS was worth $13100 USD. Not only Yaba but there are countless Splinterlands players/investors are burning SPS and sharing their transactions in X. This is one of the rarest event in crypto to be honest. Because even at this point Conversion will lead to a certain percentage of loss. But this would literally help the community and due to this reason alone people are helping the community in every way possible via converting SPS to DEC. Glad to be a part of Splinterlands community.
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The flywheel which we all have ben awaiting for such a long time. This could literally come true in the coming days. Once DEC reaches its pegged value, we will be able to see the burn of SPS hitting its max value. As the proportion of DEC will be acquired during that moment it will be insane. I mean who would not want to make some instant profit from these flips! Hawk Eye is currently on these event. I suppose we can expect this to happen very soon!
Now, the big question! How far SPS will move due to this campaign. If things go well and we got to see some significant movement in terms of price it will not only boost the morale of the players but it will also open few more options for us in the long run. Such as listing on CEX or so ;) Lets hope for the best!
Best regards
Rehan
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