(As mentioned in my previous posts) $AGLD is the token associated with the Loot NFT project. It once gained massive attention through NFT blind boxes, but that hype is long gone. The ecosystem is now basically dead, and active users have already left.
📉 What the chart is telling us:
During the earlier bullish move, volume increased — attracting retail buyers.
Now, the bearish candles are printing with even higher volume, which clearly signals aggressive distribution.
This is classic smart money dumping at higher prices while retail chases the move.
⚠️ Volume–Price Divergence:
Weak buying pressure on the way up
Strong selling pressure on the way down
This structure typically results in retail getting trapped shortly after entry, while the main force exits positions.
The GameFi narrative is completely cold right now — no hype, no attention. Daily active players have collapsed, signaling fading interest.
At this point, price action is being driven mainly by derivatives, not organic demand.
📉 Open Interest is trending down, especially on the long side, showing bulls are closing positions. This often hints at smart money exiting while downside momentum builds.