Just as a note, it isn’t necessary to respond in individual posts to each person’s comments. You can just tag them all in a single post, or quote them individually and they’ll get the notice as well.
Many enders across the entire cast got nerfed, including a lot of characters’ damage enders. Wulf is not unique in this, and in general the character dealt quite a bit of damage to begin with.
Characters get things that are useful to them - not everyone has a flashy or spectacular instinct. Riptor just gets insane range on her tail and bigger/more damaging flames. Aganos gets a peacemaker that does almost nothing to help him on his weak defense. S2 Glacius got a hit of armor that half the cast could blow through in a single move. Thunder just gets an invincible dash that is only moderately better than the dash Saberwulf has at all times.
Yes, some characters do have better instincts than others, and S2 Wulf’s was the best of the bunch. But it wasn’t the best because of the damage buff (though that certainly helped), it was the best because of the absolute shenanigans that feral cancel let you pull off. The damage was the icing, but feral cancel is the core of what made Wulf so overwhelmingly powerful in instinct. Even with the refresh nerf, feral cancels are still very, very, good. Just because something isn’t immediately overwhelming or spectacular doesn’t mean it isn’t quite good. Hisako’s instinct isn’t particularly scary at low to mid level - it’s only once someone starts chaining counter-hit naginata normals and command grab resets that it actually begins to shine.
Really? An unreactable dash through, the best command normal in the game (overpower), one of the best frame trap buttons in the game (cr+LK), fantastic throw range and fast, long range normals isn’t good enough? There’s more to opening people up than just hitting them with ■■■■ that can’t be seen - in fact a goodly chunk of the cast relies on tools other than unreactable high/low/left/right mixups to get their damage. They manage just fine, and I think you’ll find Wulf will as well. Being reactable isn’t the end of the world, and doesn’t mean that it will now never hit anyone ever again. People get hit by Jago’s overhead all the time. Heck, people get hit by Hisako’s rekka overhead all the time.