CZ’s Memecoin Mania
Changpeng Zhao, bless his entrepreneurial soul ðĪ, decided to have a little fun with Mubarak (MUBARAK), a memecoin that probably deserves a better name.
On March 23rd, this Binance bossman opened a 24.7x leveraged long position on MUBARAK, like a regular guy with a little extra BNB burning a hole in his pocket (he used 0.04 BNB, for those keeping score). He even used a public donation address, proving his commitment to transparency or maybe just wanting to see the chaos unfold. Who knows?
Naturally, the market went bonkers ðĪŠ. APX (APX), the platform where this financial rollercoaster took place, surged by a whopping 26% in just 7 minutes. Meanwhile, MUBARAK, the star of the show, saw a respectable 5.5% boost.
CZ, ever the cool cucumber, claimed it was just a “little on-chain testing,” but come on, we all know he’s secretly a memecoin whisperer. Just last month, he bought 20,150 MUBARAK for a measly 1 BNB, sending the token soaring to the top of the BNB Chain memecoin rankings.
But this time, he had a more serious purpose: to investigate Maximal Extractable Value (MEV) ðĩïļââïļ. MEV is like the shady uncle of crypto, always lurking in the shadows, taking advantage of unsuspecting users.
Zhao’s little experiment has left us all wondering: what’s the real story behind MUBARAK’s meteoric rise? Did CZ find any MEV shenanigans? Will MUBARAK become the next Doge? ðķ Only time will tell.
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2025-03-24 12:01