Recently Loom Network started pumping for no reason, but after some digging found out the actual reason behind it .

or at least a possible reason, as one can see the last pump of similar levels were only seen in 2019 after it didn't show such massive pump as it has shown recently, Atlassian is acquiring Loom for $975 Millions whereas in crypto we have the token Loom. ( which is 2 different entities but with a same name, possibly retail investors are confused 🤔 or is a trap from the whales )

Loom Token is part of Loom Network ( loomx.io ) not the Loom company ( loom.com ) which is mainly focusing on video messaging.

So eventually once this news loses its hype then there can be a big downward trend awaits.

So personally i would avoid it at this stage in spot.( Not a financial advice , please do your own due diligence )

So let me know what you think can be a reason other than this for Loom pumping?