I wonder if enough people bothered to read the whitepaper or numerous breakdowns of the white paper to understand that the inflationary process that goes on with regards to STEEM is on a three-year cycle. While I did feel like STEEM was losing value a bit faster than it should have (and I think sell-offs from speculators had more to do with that than anything else), like you said, the drop in price of STEEM on exchanges has become a lot shallower recently.