Nobody important or relevant enough is moving to Mastodon.
Sure, and those who have a technically savvy audience can use Mastodon can post on multiple platforms.
In this instance of bad changes X has made, the majority of those who are moving away from X this time round are more likely not going to engage on Mastodon as a second platform.
Too much hassle for them.
They are more likely to engage on platforms that have more engagement, like Bluesky or Threads.
I cannot see artists, journalists, etc going to Mastodon when X makes changes to their platform time and time again.