ME News reports that on August 17 (UTC+8), according to Lookonchain monitoring, a trader executed a high-return MARSCOIN trade within hours by monitoring CZ’s public wallet. On-chain data shows that at the exact moment CZ’s wallet burned 4,444 MARSCOIN, the trader swiftly purchased 84.61 million MARSCOIN by investing 16 BNB (approximately $9,645). To secure the trade ahead of other traders, the trader increased the gas fee to hundreds or even thousands of times the normal rate, paying a transaction fee of $9.93. After purchasing, the trader employed a “double and reclaim principal” strategy, selling approximately 42.3 million MARSCOIN for 16.4 BNB to recover their initial investment, effectively turning the remaining position into a “zero-cost” holding. Rather than liquidating immediately, the trader continued to sell the remaining 42.3 million MARSCOIN in batches to avoid exiting too early while the token price was still rising. Ultimately, the trader sold the remaining tokens for a total of 465 BNB, equivalent to approximately $282,000 at the time. (Source: BlockBeats)
Trader Earns $282,000 by Profiting from CZ's MARSCOIN Wallet Activity
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Summary
On August 17 (UTC+8), a trader capitalized on whale activity by monitoring CZ’s public wallet and executing a MARSCOIN trade within hours. The trader purchased 84.61 million MARSCOIN for 16 BNB ($9,645) as CZ’s wallet burned 4,444 tokens. By setting gas prices hundreds of times higher, the trader paid $9.93 in fees to secure the transaction. After selling half to recoup costs, the trader sold the remaining 42.3 million MARSCOIN for 465 BNB, netting approximately $282,000. The trade demonstrated a strong risk-to-reward ratio.
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