Value creates excitement, so if at some point, the value is lost, those engagement will experience a massive drop. This also boils down to what people term valuable, to me, I have this weird swings evolving my content creations, one is that if I consistently gain rewards, and then it drops, I automatically experience a slight discouragement, why? Because my content is not receiving that "value" that it got before.
The second one is engagement, if I'm being real, I value this more, the engagement on my contents is highly important to me, if I don't get it, I feel discouraged as well.
To conclude, I actually give less attention to rewards, if I get enough engagement, truth is, rewards will make me smile for a minute, but being engaged has so much more, I get to enjoy my content, and it really shows its real value based on the fact that so many people have something to say.
So it's all boils down to what was most valuable to them, some possibly left because that fun engagement dropped, and some of course left because of the token devaluation. If we're being totally real, even the dramas has been minimized, some people actually enjoyed all that, but it's all dropping rapidly, so all these factors add up.
Not sure if this makes any sense to you... 🤸♂️
Your comment was really great, @malopie and obviously it makes perfect sense to me.