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There was engineering but it wasn't to shake retail out of crypto. It lowered the barriers, literally all of them, to entry. Best time in the past year to get into crytpo was the bear trap. That's why they call it a bear trap.
Some nervous big holders got knocked out, sure, but retail investors were not liquidated like the big boys and girls clubs were.
Blockchains are all seemingly working to cross-pollinate and onboard everybody they can in the space but they're also all competing for market share, lip service hype and developers.
RE: This Is What's Happened, Detailed Explanation By A Whistleblower