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I like to think they're dumping it all into some central locus which will eventually cause a big squeeze. Totally unscientific, but there's something romantic to me about periodic sucking and banging.

But that's my own imagination

That’s almost the basis of the concept of Cosmological Natural Selection, which was taken seriously by many credible physicists. It’s fallen out of favor due to the consensus on the Black Hole Information Paradox veering towards information preservation. But it’s still an interesting idea.

Penrose was the one to propose the "cosmic censorship conjecture", that you can't have a naked singularity, to justify why we don't see white holes.