Is it because of Upbit's sell-off, and where did that news come from? Pushing up the price and then dumping it is not uncommon in the cryptocurrency market. I think this token might push the price up near its previous peak again in 2023.
None was knowing where the heck rumor is coming from. I have heard that too if the loom pump caused by upbit has been rumored to add it. The price is going down again drastically after it was getting very big pump.
The token is not going to push to the previous ATH. It's going back slowly but surely to the what it should be. We will be seeing gradual pump and dump to occur on this token.
The speculation about it is not yet disappearing. People are still talking so much about loom these days. I expect the intensity of people who talked about this coin will be less in the upcoming days.
Loom is going down again.