CS:GO and CS2 game accessories, which once saw year-round gains exceeding those of Bitcoin and the S&P 500, collapsed this morning.
The accessories index, which was supposed to have seen a 76% year-round gain, plummeted 36% this morning.
The community explained this as a recent update, which resulted in accessories like knives and gloves, which were previously obtained through loot boxes, now being crafted directly using five red-level accessories.
This was interpreted by the community as an over-issuance of assets. The price is still falling, suggesting a possible panic sell-off.