I mean, what do you expect to happen? 20% to Mastodon, 20% to Threads, 20% to T2, 20% to Bluesky, 20% stay, to avoid being perceived as a 'hivemind'?
This is actually one reason I think it's rather unlikely that there will be a single Twitter-killer, with everyone from Twitter moving to Threads or whatever and then continuing on as normal. Threads will probably be the biggest (particularly if it manages to launch in the EU; that's a big problem for it right now), but I'd expect a year from now that there'll be Threads, a bunch of Mastodon instances (maybe more loosely federated than today, probably more community-oriented), maybe Bluesky (I don't personally _get_ it, but some people seem to like it) and a rump Twitter.
Others don't care for the way they systematically dismantled their trust and safety team.
And finally, some just don't like the direction the platform is heading.
Twitter has made it clear they don't care about their employees, their platform users or anything but frantically trying to extract a bit of money out of zombie company.
I don't think that's the reason because most of the infosec people I follow moved to a single instance (infosec.exchange)
Also, a highly changing environment (regarding security threats) makes strong networking a survival trait. You don't want to become isolated from a part of the community, and you can always keep both Twitter and Mastodon. In fact, keeping both accounts is a must, because many security companies and government institutions are still only on Twiller.