Personally, I started cashing out STEEM at the first opportunity and continued powering down and putting most everything into ETH, ETC, XMR, DCR, LTC (sold after ETF pump) and DASH (just sold).

I expect the price of STEEM to continue to decline as distribution continues and then once it settles, most that cashed out some/all will buy back in at the discount rate and along with an entirely new generation of dolphins/orcas/whales.

And then the "experiment" will continue in it's new phase.