The effort of keeping HBD stable maybe it's too much for Hive in bear markets. This question was also addressed in Splinterlands about their DEC stable. Maybe there is more to it and keeping both assets is not worth economically for the health of an ecosystem. Or at least not in bearish times where there is low activity.
RE: Hive price got to $0.0404 but I hope that's not coming from HTTP 404 Page Not Found