Indeed, there needs to be a solid reason for everyone who is active on Hive to at least hold a large part of their earnings and ideally to buy some. Right now, it feels like most of the people coming in do so with the idea that free money is being thrown around and that their content is like a job they get rightfully paid for.
Hive in a way feels like a wellfare system right now that is slowly but surely collapsing, while at the same time there is this hope that everything magically might go up one day. The good thing I would say is that there are quite a lot of new names who signed up and started blogging in 2025.
Having more new people is good but I think they should hold a major chunk of their earnings at least, and hopefully they are not extractors.
The practice of selling the whole reward hurts the hive ecosystem and there will be selling pressure always.