HIVE is extremely lucky that a large number of users were converting their HBD to HIVE. If the market value of HBD was 10% of HIVE when this current market drop occurred, then HIVE would probably be trading at a dime and we would be among the list of blockchains brought down by this insane believe in stable coins.
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This is because HIVE has real utility (unrelated to crypto) and a real decentralised community.
People want Hive for many reasons completely unrelated to HBD.
This is in contrast to other algo stablecoins whose backing crypto has no other utility and thus they will fall together.