I was assuming the pumps are likely due to increasing interest on the gaming side with things like #Splinterlands and #AxieInfinity.
Well anxie infinity is totally not part of the chain but Splinterlands is and to some large extent, However, recently Splinterlands has contributed to how hive has been adopted and grown at least in the past one year. That said, there's been so many conspiracy theory especially in the aspects of the Korean, but my major point is that Hive deserves the recent prices and More because lesser projects have even mooned a lot.
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Oh damn! Sorry... I thought Axie was a Hive game. My bad. But I agree with you overall: as we see more development and adoption, the value should translate over to the Hive token price.