In the past 20 days, the highest point of the token has skyrocketed by more than 10 times. From a fundamental perspective, the project has not been favorable, as the project team has been almost silent for the past six months and the token has not had a clear practical purpose. But its FDV has risen from less than $30 million to over $500 million (the highest point). From the chain, it can be seen that there is a collaborative accumulation of at least 50 wallets or more clusters, forming control and creating supply scarcity. After the whale completes spot control, it can then generate circular profits through contract manufacturing airdrop squeezing. In this process, the trader utilized two groups: one was the high pursuers; One is a short trader. Among them, short selling traders account for the majority, resulting in negative funding rates. And the price increase leads to bearish squeeze, further driving up prices. At least over 10 million US dollars of short positions have been liquidated (such as a single day liquidation of 15 million US dollars, of which 11 million US dollars came from short positions). That is to say, whales first control the market, creating a supply shortage, and then through contracts, they squeeze the bears, forming a positive push, with prices rising → more bears bursting → prices rising even more. From a rough cost perspective, the estimated cost of the wallet cluster is between 5-20 million US dollars, but the specific details are unknown. The approximate ways to make profits include spot appreciation, capital rates, and short squeeze. Partial profits have been achieved, with estimated floating profits of over 50 million US dollars and a peak estimated to exceed 100 million US dollars. As for the specific amount of profit, it depends on subtle timing. When whales have control over most of the spot goods, players who attempt to manipulate whales in reverse will face significant danger, especially during the squeeze phase. In this PVP game, the risk is extremely high, and only a very small number of savvy players can profit, while most players are likely fuel.