Specifically looking at the tokens purchased during 2021, 2022, and 2023, we can observe a significant and sustained consumption behavior during the peak period in March.

However, regarding the current upward trend, the expenditures mainly include tokens purchased in 2023, while the tokens from 2021 and 2022 have just begun to increase selling pressure. This again aligns with a possible explanation of profit-taking as the dominant strategy in a "swing trading" manner.