$SLP Smooth Love Potion (
$SLP $) is currently undergoing a radical transformation. Long seen as a high-inflation utility token for Axie Infinity,
$SLP $ has recently decoupled from its "infinite supply" reputation to become a speculative asset with strengthening fundamentals.
Short Analysis: Smooth Love Potion (
$SLP $)
1. The "Zero Emission" Catalyst
The primary driver behind
$SLP $’s 100%+ surge in January 2026 is Sky Mavis's decision to halt all SLP emissions in the popular "Origins" game mode. By removing the primary source of new supply, the token has effectively transitioned into a "deflationary-leaning" asset.
Burn Mechanisms:
$SLP $ is still required for breeding new Axies and crafting "Runes" and "Charms." With no new tokens being minted through regular gameplay, every Axie bred now directly reduces the total circulating supply.
2. Market Performance (January 2026)
Price Surge:
$SLP $ has climbed from $0.0031 on January 16 to a local high of $0.0062 as of January 22, 2026.
Volume: Trading volume has exploded, frequently exceeding $500 million in 24 hours. Much of this activity is concentrated on Binance and South Korean exchanges like Upbit, where retail "FOMO" (Fear Of Missing Out) is high.
Correlated Growth:
$SLP $ is currently moving in tandem with its sister token, $AXS$, which is also seeing a massive resurgence due to new staking models.
3. Strategic Outlook and Risks
The "Bot" Factor: The removal of gameplay rewards was designed to kill automated farming. While this is bullish for price, the long-term risk remains whether the "Origins" player base will remain active without direct financial incentives.
Technical Levels: The $0.0040 level has flipped from major resistance to strong support. The next major technical target for
$SLP $ is the $0.010 mark, which would be a significant psychological milestone.
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