One thing that I realized some time back was that the massive pumps we saw in former times were very likely directly fueled by Upbit itself. We had hundreds of millions and even billions (!) of volume in some of those candles which could almost certainly only be created by an exchange. This speculation is imo strengthened by the fact that in April 2023 they moved almost 100M into a "cold storage" address and magically we didn't have a single large pump after that as can be seen here:

Personally I think the times of crazy pumps is over for Hive unless there is some massive adoption in the future. That is both good and bad, but it's probably the main reason why we have been stuck in the 30s for so long. The chart is clearly indicating a breakout to the 50s soon. So buying Hive might still pay off.