Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this
https://twitter.com/InpulseX_io/status/1511365325950005252Staking especially popular when cryptocurrency market rise and holders can increase their profits from holding.
But when cryptocurrency marekt falls the demand in the staking discreases.
During the fall of the market profit from staking do not compencate the lose of the price fall.
That is why many people stop staking and sell their tokens.