In fairness, lolcows are dead (in some cases literally), and the culture surrounding them is also dead. For Null, it's either finally cave in to A&H or have to get a job in his mid-30's after a life time of making money through shitposting online.
Lolcow culture (and internet drama as a whole) is more popular than ever. People like Asmongold and MoistKritical have become multi-millionaires off of covering lolcows. Turkey Tom's lolcow documentaries get millions of views on YouTube. Internet drama subreddits like r/livestreamfail have millions of members. In spite of this, Kiwi Farms has stagnated for a few reasons.
1. Kiwi Farms painted itself into a corner when they shifted their focus towards Sektur drama back in 2022-2023. Unfortunately for KF, the Sektur is just alt-right slap fighting between a bunch of literal whos. Nobody outside of terminally online alt-righters gives a shit about Ethan Ralph or any of his orbiters. Kiwi Farms then tried to do the same thing with Nick Fuentes and Nick Rekieta, but nobody outside of the alt-right gives a flying shit about their drama either. Now that the Sektur's dead, Nick Fuentes is getting positive mainstream attention in the wake of Kirk's assassination, and Rekieta's court case is over, all three of these threads are dead now.
2. Kiwi Farms has a reputation as "the doxing site", but the internet as a whole has turned against doxing. Doxing is now generally frowned upon and only supported by schizos and terminally online wingcucks.
3. Due to the above, Kiwi Farms is filled with schizos who scream slurs at each other all day. Some normies may tolerate a little racism hear and there, but no one wants to read a 5000 word screed about genociding all Indians while trying to catch up on the latest DarkSydePhil news.
4. Kiwifarmers, most of whom are millenials and Gen Xers, are out of touch with trendy lolcows. Unless the lolcow is either part of the Sektur or is from a demographic that the Kiwifarms mob hates (leftists, troons, pedophiles, anime fans, VTubers, etc...), their thread fails to gain any traction. A great example of this is WorldOfTshirts. Despite being one of the most popular lolcows in the world, to the extent that he is followed by mobs of A-Logs wherever he goes, WorldOfTshirt's thread is mostly dead and consists almost entirely of people bitching about his handler Mr. Based. In order to get any real updates on WorldOfTshirts, you're forced to either go to his Tiktok page or his dedicated lolcow watching subreddit r/worldoftshirts.