I am assuming it does but....

Yes - if you upgrade the firmware - see this post:
https://forum.dji.com/forum.php? ... &extra=page%3D1

'

• Added Loop Recording.
  

'

Hello there snorkel. Good day and thank you for the inquiry. As posted above by edwardquan, Loop Recording is added on the New DJI Action 2 Firmware Released last 10/27/2021. Thank you.

it has, plz update to 01.01.05.10
video mode, swipe up.
it is at the left top  of resolution/fps setting

One of the forum members has been testing it and so far it’s working well.  At least at 41f

DAFlys Posted at 11-4 11:28
One of the forum members has been testing it and so far it’s working well.  At least at 41f

it worked until both internal and battery mod were drained, I did have it connected to a USB batter bank but it was unable to keep the A2 charged for some reason.

snorkel Posted at 11-4 13:44
it worked until both internal and battery mod were drained, I did have it connected to a USB batter bank but it was unable to keep the A2 charged for some reason.

Probably the Action 2 battery depletes faster than a battery bank can charge. This will prove interesting for sure!!

snorkel Posted at 11-4 13:44
it worked until both internal and battery mod were drained, I did have it connected to a USB batter bank but it was unable to keep the A2 charged for some reason.

Did you get near the advertised times for the camera plus module.

DAFlys Posted at 11-4 13:52
Did you get near the advertised times for the camera plus module.

Not sure how much the Anker USB power bank helped it (or not) have to play around with it some more.
The power bank may  have been low not sure.  I will have to charge everything back up and try again.

It's worth bearing in mind a couple of points - the Action 2 doesn't have FastCharge functionality, and the power utilisation will no doubt become more effective/efficient as the firmware gets updated

edwardquan Posted at 11-4 15:28
It's worth bearing in mind a couple of points - the Action 2 doesn't have FastCharge functionality, and the power utilisation will no doubt become more effective/efficient as the firmware gets updated

Could be, I never saw it mentioned anywhere one way or the other.   I can try the adapter on a older motorola phone I have that does not have fast charge.

Maybe we can find an adapter that just passes thru power on the + and - pins directly instead of using a charge chip.
Does not work on my 2020 Motorola Power either, same behavior as the camera :-(

What are the modes in the Loop Recording?  Is it limited to 4k 30fps like the Osmo Action 1?  

Also can you adjust the color, bitrate or other options?  I know the GoPro Hero 10 has 4k 30fps but you can't adjust anything beyond that.  I'm hoping that at least the DJI Action 2 will allow you to adjust the video options in Looping.

Concerning to hear a power bank can't keep it going when plugged in though too...

Hi.can I make a question about the loop recording. I don't have sd card only use the internal space.and I put the loop duration to 5 minutes. for some reason it doesn't over write on the old videos as my cheep car camera do.but the dji it continues record small videos between 5-6 minutes. and then says the m3mory full.and don't record until I delete old videos manually. is that right? do I do something wrong? can I fix it in the settings or do I have to put sd card to solve that problem.i just need to over write on old videos not to do it manually. and thank you alot.

Hello again.what SD card you suggest for my action 2 camera.i will attach both cards and I will wait your answers guys. thank you in advance.

for some reason dosnt shows the pictures.
the first one Samsung Evo plus 128 gb the orange one and the second is samsung evo plus 256 gb the white one.thank you.

The FAQ on the Action2 product page has a list of SD cards

How do we switch off loop recording? I don't want it to be recorded for 5.30 minutes all the time. I switched it off and tried max, it just doesn't work.