Will Loom Network (LOOM) Experience a Decline?

According to the latest information provided by The Data Nerd, a successful data provider, the Loom Network team sells LOOM through the UPbit exchange.

The Data Nerd shared the following information on the subject via its official X account:

“RECENTLY 0X1CC (A WALLET ASSOCIATED WITH THE LOOM NETWORK TEAM) DEPOSITED A TOTAL OF 3.8 MILLION LOOMS (WORTH $1.19 MILLION) ON THE UPBIT EXCHANGE.”

It was seen that the Loom Network team made LOOM sales in the past period. The team has been making sales during the recent increases experienced by LOOM.

LOOM, which was traded at $0.35 at the time our news was written, seems to have experienced a 5% withdrawal with the team's sales.

*Keep following us for developments!