Reddit traffic dropped by about 3%
That's gonna be about the extent of what we're gonna see. The situation has more or less normalized on reddit and the admins are tying up the largest loose ends - like /r/pics or /r/military
Posting pictures of Jon Oliver reddit couldn't care less about. Setting the sub to NSFW is what hurts them, and it seems like subs are finally switching back on threat of mod removals.
Will reddit continue going to shit? Absolutely. It's entered that phase of enshittification and crossed its own Rubicon.
But behemoths take time to die. The redditor userbase has gotten fatigued and until reddit makes their next shitty decision I think things will be more or less back to status quo - minus the users that left.