The fatbike market got bloated (pun intended); the fatbike looked so cool and
every bike brand had to sell them in all the bike shops. It's been said a lot in this thread, the market had to adjust, and fit the needs/wants of those that truly value a fatbike's abilities. I expect many brands have/will exit the fatbike market and those bike brands that were selling fatbikes before the fad, they'll still be there: Surly, Salsa, Framed, and Otso introduced a new models the
Acrtodus. Take notes, all of these companies are based in Minnesota (the OP and I are also located in MN). Fatbikes are not going away, but you'll see a lot fewer on the local rail-trails, because fatbikes were never the ride bike for that... now I see the trails clogged with ebikes and IHMO the ebike explosion we are currently experiencing will go through the exact same adjustment in a few years.