Players are more likely to buy cards with powerful effects that will definitely see play, rather than cards that aren't powerful as ones they already have, so designers print newer cards that are stronger than the old ones
Of all the many, many archetypes available in Commander, Tokens is perhaps the most consistently popular
Enchantment Color tag templates(None) Skrelv's Hive At the beginning of your upkeep, you lose 1 life and create a 1/1 colorless Phyrexian Mite artifact creature token with toxic 1 and "This token can't block." Corrupted As long as an opponent has three or more poison counters, creatures you control with toxic have lifelink
The equipped creature gets +2/+2 and protection from White and Blue, so they cant be hit by Swords to Plowshares or Pongify
$12 is on the low end of where it should be, considering the amount of play it sees, and Im fine buying it at current retail