Koreans and Splinterlands sound like the reasons that makes more sense to me. I do know that the wild pass has changed quite a bit in the game and I do agree that the price dropped quite a bit after the proposal passed.
SPL changes did some "damage" for sure... During the show, @relf87 shared some charts and it was scary to see the huge drop in played battles!
Yeah it's still available on: https://peakmonsters.com/dashboard
There's a version of interpretation to that actually. Someone said it's actually not a "bad" thing because these could just be the bots that are unwilling to pay for the pass but are yet getting the rewards previously. I guess time will tell.