$LOOKS $LOOKS Some people have been constantly bashing LOOKS, but every behavior in the market actually has a purpose.
If this token still had futures, it would make sense for them to short while spreading FUD to suppress the price. But now that LOOKS has no futures, simply calling for a price drop without corresponding shorting tools is worth questioning their motives.
Looking at the on-chain data in reverse:
Continuous outflows from exchanges, and whales continuously transferring chips into cold wallets to accumulate.
Plus ancient mega-whales locking up their positions without moving.
What