I don't agree it leaves anything where it started, because even if the prices go right back down to where they were, there is less HIVE in circulation. That makes it more viable long term, because it leaves the market in a state where, all else being equal, it is more able to absorb future selling (and there is simply less HIVE out there to sell).
Of course, price and demand for HIVE may crash at some point in the future, making things challenging, but they may anyway. Having less HIVE in circulation if and when that does happen only makes matters better, not worse.
RE: The HBD Peg Conundrum