Well, Steem has also bobbled in price a bit. I did notice a drop on some posts, but not all. The goal was to trim the fat from those that consistently get thousands on a piece of crap, so good, on that part. It seems to be working fine.
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True, the Steem price affects the rewards, but what we're considering here is irrespective of price. Much more Steem (via SBDs or SPs) was paid out in the last couple of days than expected.
Also, note that the drop in price is smoothed out over 3 days.