Any retail investor not playing the swings here is going to be left holding nothing when the insiders sell their holdings in the coming months.
52 week low was pre-acquisition of Truth Social- it is a SPAC so it acquired Truth Social.
Since it actually acquired Truth Social it is way down. It was trading near 80 on the first day.
I assume MAGA people and insiders are keeping it afloat for now. A lot of the shares are locked up for now by insiders, so it is difficult to short the stock.