The HIVE & SPK are locked in a liquidity pool permanently. That means that no one can remove those tokens. After that, the free market kicks into gear, and that is how SPK is priced. If people sell more SPK for HIVE, then some HIVE will be removed from the LP, assuming no other non-perma stakers are providing liquidity for staking rewards. However, the order book, over time, will become thick. If there is a lot of SPK being sold and no one buying, the price drops, meaning less and less HIVE is taken until the price becomes peanuts, and there is sort of a standstill. All of the HIVE could not be removed before the price of SPK vs. HIVE is basically nill. And the same thing in reverse, if lots of people are buying on SPK, that locks more HIVE off of the market. The key here is that no one can take those LP tokens, remove liquidity and dump them, it just builds in either direction, SPK locked, HIVE locked, it may swing in direction how much vs each other, but still, even at a low SPK price, that means tons of SPK is locked in the LP to make up for the missing HIVE, compounding over time. So it self corrects.
Also, something to consider, the only way to get SPK to is mine. In the future, you'll need to buy new miners to stay competitive. The HIVE that buys the SPK buys it from the LP, raising the price of SPK in the process. Then it takes that very same SPK, pairs it with HIVE, and adds it permanently to the LP, creating a stair step like foundation after each rise.
So theoretically, one could see low buy demand for SPK. However, the very nature of getting SPK requires liquidity to be added, and since SPK starts at zero, there won't be much to dump for a while, which gives the SIP time to generate thick liquidity.
Okay, makes sense that's what I thought.
The locked liquidity could be used in a better way by running a bot that does market making with limit orders. Uniswap already has a way for people to provide liquidity for a specific price range, so that allows limit orders in liquidity pools.
This would allow the locked liquidity to not only generate fees from the pool, but maybe even trade profitably and provide massive liquidity like typical market maker algos do.