There is a lot of undescribed prokaryotic diversity in existing whole-genome metagenomic data!
https://www.nature.com/articles/s41564-026-02314-6

We predict that there are >500,000 novel bacterial and >20,000 novel archaeal species. There are at least 145 novel bacterial and 10 archaeal phylum-level clades. While according to GTDB, there are genomes for only <140,000 bacterial and <20,000 archaeal species (which corresponds to169 and 20 phyla in Bacteria and Archaea respectively).

Unbinned contigs expand known diversity in the global microbiome - Nature Microbiology

Re-analysis of over 92,000 metagenomes reveals hundreds of thousands of previously undescribed Bacterial and Archaeal clades hidden in plain sight.

Nature
“Isolate genomes and metagenomic assembled genomes captured only 20–50% of discoverable species in metagenomic contigs, but metagenomic assemblies likewise failed to capture around 50% of the diversity represented by isolates.”