I patiently sorted out the price trend and project progress of the old project PHB, and now I understand their rhythm a bit. From the K-line perspective, PHB has always followed the rhythm of "bullish pull, sideways oscillation, bullish pull". Several main rising waves: From November 2022 to March 2023, the price steadily increased from 0.4 to 1.2 During this period, the benefits include: November 2022: Binance adds PHB/USDT trading pairs January 2023: Formally launch institutional level AI platform AlphaNet From January 2024 to March 2024, the price increased from 0.8 to a maximum of 3.6 During this period, the benefits include: By the end of 2023, JDI Group will become a strategic investor and hardware partner Now, PHB is standing at a new crossroads. In August 2025, PhoenixONE 1.0 version will be officially launched. As a newly launched Web3 deep AI intelligence and vertical ChatGPT in the field of encryption, PhoenixONE is highly anticipated. New product launch, positive news for launch (familiar rhythm). From the perspective of tokens: Firstly, PHB has been fluctuating and falling since January 2025, from 1.7 to the current 0.5 Secondly, the token is close to full circulation, with an FDV of 38 million The biggest variable is market acceptance. The competition in the AI+Web3 track is fierce, and it is unknown whether PhoenixONE can find its own living space under the pincer attack. In addition, the price trend of PHB is highly dependent on the team's product rhythm. If PhoenixONE's performance falls short of expectations, or if subsequent product iterations cannot keep up, it is likely to fall back into a long-term sideways trend. But from historical experience, the execution ability of the PHB team is still commendable. Every time we pull the plate, there is substantial support. For observation only, not investment advice.