Looking at DUSK's recent market movement, on the surface it's market enthusiasm, but in reality, it's a well-orchestrated combination of tactics. Basically, those who hold the chips are playing a big game.

**Level One: Bottom Accumulation and Chip Building**

When the price was still at $0.2-$0.3 and nobody paid attention, the big players were quietly accumulating. Over months or even longer, the market remained cold, and retail investors were repeatedly shaken out in despair. But on-chain data tells the story—by carefully examining address flows, you can see large amounts of tokens quietly concentrating into a few whale addresses. When the circulating supply in the market is gradually locked into just a few wallets, the fate of the price is already in the hands of the manipulators. This is fundamental; without chip concentration, there’s no story to tell later.

**Level Two: Timing and Spot Price Surge**

Once the accumulation phase is nearly complete and market sentiment shifts—perhaps due to sector rotation or a rebound in overall market mood—the main players start to push gently. Since there’s little resistance from sell orders (all absorbed at the bottom), the price begins to rise rapidly. The technical charts look excellent: breakouts, increased volume, moving averages aligned. At this point, technical traders and trend followers can’t sit still, and FOMO emotions ignite. Coupled with some well-timed positive news—such as ecosystem developments, partnerships, or mainnet upgrades—the market becomes truly volatile.

**Level Three: Contract Market Harvest**

The spot price has risen, but the real harvesting happens in the derivatives market. High leverage longs are attracted in, but at a critical point, the price reverses and drops sharply. Stop-loss orders are triggered one after another, and profits are taken off the table. The cycle repeats until the floating chips are thoroughly cleaned out.

This process can be seen in the candlestick charts of various tokens.