Yes you can. If the token price falls substantially and the fee pressure disappears you can continue transacting without adding work to secure the blockchain.
This is actually one of the largest open problems for Bitcoin. In a few years, the inflation will drop below a point where it is enough to secure the blockchain, meaning the security of Bitcoin is entirely dependent on revenue from transaction fees, which only exist if there are more transactions trying to get into blocks than there is block space to hold the transactions.
If Bitcoin doesn't have enough transaction demand, you will be able to transact on bitcoin for nearly free without contributing to the security at all, which is a very bad thing for Bitcoin as a whole.
This is actually one of the largest open problems for Bitcoin. In a few years, the inflation will drop below a point where it is enough to secure the blockchain, meaning the security of Bitcoin is entirely dependent on revenue from transaction fees, which only exist if there are more transactions trying to get into blocks than there is block space to hold the transactions.
If Bitcoin doesn't have enough transaction demand, you will be able to transact on bitcoin for nearly free without contributing to the security at all, which is a very bad thing for Bitcoin as a whole.