Spiny Starfish

[habragg]

Spiny Starfish (oracle):

U: Regenerate Spiny Starfish.
At end of turn, if Spiny Starfish regenerated this turn, put a 0/1 blue Starfish creature token into play for each time it regenerated this turn.


C. Rules text:

501.5. Regenerate

501.5a If the effect of a resolving spell or ability regenerates a permanent, it creates a replacement effect that protects the permanent the next time it would be destroyed this turn. In this case, “Regenerate [permanent]” means “The next time [permanent] would be destroyed this turn, instead remove all damage from it, tap it, and (if it’s in combat) remove it from combat.”


So is that a token for every time the replacement ability was created or only for every time that destruction was actually replaced?  If to "regenerate" is to "create a replacement effect," it seems it would be the former.

[Clariax]

The ability refers to a destruction effect being replaced.