I mean this hat is absolutely amazing, but it's really only useful for newbies.
A brand new hat and all it's really for is just a help to level to 30 which isn't hard at all.(And rake in new players)

How about about a better latent effect for us Oldbies?

Like, Latent effect 30 and below the default.

Latent effect 31 and higher
Increases movement speed
Adds Regen and Refresh Effect

So you take off Auto Reraise and the skill ups while keeping movement speed and regen/refresh. So it has two latent effects pretty much.