Nothing has happened. Raga is still a very good player. High 800-plus Fargo. He does not travel as much as other Pinoys, however.
Still Raga has had some good runs in big tourneys here and there. He's also had some bad losses. My suspicion is those bad losses shook his confidence. He looked like nothing in the world bothered him in the 2023 European Open final. He doesn't look as supremely confident any more.
I remember people saying, he would win multiple titles. But any keen observer of the sport knows it's not easy. Right now he qualifies as flash in the pan.
He's young, though. Just 28. Lot of time left to have a good pro career IF he pursues it.
I just spoke to a friend of his in Vegas, he's still winning plenty of challenge matches, no ones chasing him around looking for Action. He's got some figuring out to do tournament wise, buts NO "flash in the pan".