SLP supply decreased by another 633K tokens this cycle, continuing the gradual deflation trend. However, price slipped below the $0.00050 level to $0.00049, indicating that bearish sentiment remains dominant despite ongoing burns.
SLP burned another 648K tokens this cycle, extending the ongoing reduction in circulating supply. Despite the continued deflation, price slipped back to $0.00050, showing that market demand remains weak and unable to fully absorb selling pressure.