As of this Tuesday, the Silicon Data Token expenditure price index slightly rebounded to 0.9861, down 4% from a week ago and now over 52% below its annual peak. After giving up all gains made earlier this year, the decline has slightly slowed, but the overall downtrend remains unbroken, and the short-term rebound does not yet indicate that prices have stabilized. -------- 1. The price drop in tokens has been driven by major model price reductions and users shifting from expensive cutting-edge models to cheaper open-source and smaller models. 2. On the other hand, the current phase of price declines may stimulate increased demand, which could benefit sectors like AI applications. The impact on cloud providers is complex, while for model providers like OpenAI and Anthropic, the loss of pricing power poses a risk factor.