There is great similarities with both supply, the chart is fluctuating i wonder when it will be stable perhaps that is the reason hive is diminished
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The fluctuations in the supply charts are common in decentralized blockchain systems, where supply dynamics are influenced by various factors such as market demand, user activity, and economic incentives.
But how does this factors affect hive in anyway is it that hivers witdraw most of their hive tokens or aint doing much hive activities no more that is why price is going down?
If more people are selling than buying, it can drive the price down. Additionally, if there's less activity or engagement on the platform, it might affect demand.