I am not sure what you are referring to exactly.
One thing that is becoming evident is that it is going to dry up for bloggers and other individuals posters. That is where the SMT will come in. With the developers and entrepreneurs starting to enter, they are the ones who are going to start amassing SP.
@steemhunt got a delegation of almost 1.5M SP. That is a lot in their hands. They are going to take a larger portion of the reward pool since all those people who delegated no longer have that VP at their disposal.