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Probably bait, but Ill bite.
If you want a serious answer, no. Everyones numbers (which would be an objective signifier of this "decline"), HoloEN, NijiEN, VShojo have all been increasing in reference to their usual (i.e. a Holo with 7k CCV typically, now gets 8-9k with 10k becoming a bit more common, a Niji with 1k CCV typically, now gets 1.5-2k with 2.5-3k becoming a bigger possibility. I cant really give a fair example on VShojo since I dont keep up with them, so I wont. But taking a peek at their numbers while streaming is no joke. Theyre just below or keep up with Holo in terms of CCV.) So, again, no. It isnt declining.
If not, then AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA LOL LMAO HURR DURR VTUBING IS RECLINING TIME TO JUMP SHIP ANONS TICK TOCK KEKKING KEKKERS KEK KEK KEK