It already served its purpose. He bought it so he could control a narrative, used it to boost right wing voices, used it to capture media for the purposes of suppressing dissent to win an election. He took Russian and Saudi money to buy the platform for the expressed purpose of getting Trump elected.

There is a clear successor to X now, Bluesky, which means anyone not happy with X knows what their best option is.

My guess is, when X and Bluesky are roughly even in terms of active users, X’s user base will start to collapse and there will be a mass exodus to Bluesky.