Well 60% is insiders and 5% is institutions, which means the other 35% are likely individuals that are in for a rude awakening when they open their brokerage statement (and were likely the victims of some form of pump and dump).

Second you can’t get a borrow or it’s super expensive so there’s no marginal seller…until random retail investors or insiders bail…

Who knows what the algos, market makers, and stock promoters are doing with the stock, but a bunch of wash sales