Summer was always a big down time in numbers as I recall. Every year we went through problems where we barely had enough to raid, then when school kicked off and winter came around there was too many people and a lot had to sit out.
The games population isn't an enormous amount of people, but it is still thriving. 500 people on at peak hours is plenty of people to carry a server let alone when more come back.
I wouldn't let the population worry ya. Just play it because you enjoy it and have fun with it.
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