I'm trying to achieve this effect on After Effects with Trapcode Form plugin, because it's particles around the edges with hollow center, I thought it's got to be the spherical field, so I created box-string base form and cranked up the spherical field and I ended up with similar result
how ever soon I realized the strings around the circle is in segments rather than a continuous line, it becomes more obvious when it's in motion, I'm curious to know how it's supposed to be done, thanks!!!