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You realize that the longer hololive exists, the more holos we have who have been around for 4+ years?
It's not just there being more holos now than 3 years ago, but also the average holo being around for longer.
Of course you'd see more people leave now. Every single year now will see some holos go, I think that's just the reality of it. And it doesn't mean Cover is evil or a black company at all, just that there's so many holos and so many of them will have been around for so long.