We understand one of the fundamental laws in trading that said if supply increases without a corresponding increase in demand, prices will fall. In practice: when there is a lot of selling, it means there is a lot of supply hitting the market. A sudden and large increase in supply, without a corresponding increase in demand, will inevitably lead to a price drop in the commodity.

Applying this to Steem (the blockchain) and STEEM (the currency), it seems that, whether acknowledged or not, with the massive production of STEEM like we have been seeing recently on Steem, it is hard to see STEEM reaching the moon again, even with the stellar support from the Sun. It is hard, not impossible.

^{Absolutely not relevant meme, sorry. But there is a Sun in the picture. Source}