There is no dilution in this "Hotel California", the only dilution that happened, when it was Nasdaq listed company. The person today and yesterday that sold was a swing trader, more likely the one that lost on ALC*C SPAC. Furthermore, whoever bought today between 13-14 if they are new to this, they are going to be stuck here in "Hotel California". Yes, very likely somebody sold to chase meme stocks like GM*E or AM*C.