1. What‘s the reason for the collapse of the LooksRare token? As can be seen from the chart below, the sharp drop in the platform’s NTF trading volume played a major role. LOOKS price dropped 80% from its high while NFT trading volume on LooksRare dropped 72%. The two trends are perfectly aligned. (chart 1).chart 1: Looks token price vs NFT trading volume2. Looks’ NFT trading volume is severely manipulated and misleading. We counted the transaction volume of the top 10 addresses with the larg...

1. What‘s the reason for the collapse of the LooksRare token? As can be seen from the chart below, the sharp drop in the platform’s NTF trading volume played a major role. LOOKS price dropped 80% from its high while NFT trading volume on LooksRare dropped 72%. The two trends are perfectly aligned. (chart 1).chart 1: Looks token price vs NFT trading volume2. Looks’ NFT trading volume is severely manipulated and misleading. We counted the transaction volume of the top 10 addresses with the larg...