The sharp decline in Axie Infinity players' income in the Philippines has triggered significant social impacts. Once a vital income source during the COVID-19 pandemic, the crash in Smooth Love Potion (SLP) token value—plummeting 99% from its 2022 peak—left many players, especially low-income "scholars," jobless and in debt. Communities that relied on the game for survival faced economic hardship, with players like Gian Carlo McGlay losing substantial investments. Many abandoned the game, turning to gig work or education, while the unregulated "scholarship" system exposed exploitative practices. The Philippine government's tax push added financial strain. This collapse eroded trust in play-to-earn models, highlighting the risks of volatile crypto-based economies for vulnerable populations.