The most strongly diamagnetic materials that aren't a superconductor are bismuth and pyrolytic carbon, a graphite-like material.
Bismuth has a density of about 10g/cm^3, and a diamagnetic strength (X) of -16.6 x 10^-5. It won't levitate above a magnet because it's just too heavy.
Pyrolytic carbon has a density of 2g/cm^3, and a diamagnetic strength of -40 x 10^-5. Thin sheets of this lightweight material will levitate over strong magnets, provided the magnetic field alternates in a chessboard pattern.
LK-99 must be similar in density to bismuth, and the videos (like below) show large chunks of it levitating. If it's not a superconductor, it's the most diamagnetic room temperature material ever seen, by orders of magnitude.
And on top of that, if pure diamagnetism were at work, the samples would have to slide off the magnet. They wouldn't stay there and float. It's similarly unclear why the material seems to always float at an angle. It seems to track the field lines in some way.
https://www.nytimes.com/2023/08/03/science/lk-99-superconduc...
https://en.wikipedia.org/wiki/Diamagnetism#Materials Diamagnetic strength = susceptibility
My background: physics, but not superconductors.