Trader Turns $9.6K Into $282K Tracking CZ’s Wallet
A trader turned roughly $9,600 into about $282,000 in under five hours on August 16 by watching Changpeng “CZ” Zhao’s public wallet burn a batch of MARSCOIN tokens and buying into the same coin the instant it happened.
On-chain tracker Lookonchain flagged the wallet as the single most profitable address trading MARSCOIN that day, and the trade has become a case study in how closely some traders now watch CZ’s every on-chain move.
How the Trade Actually Worked
At 08:12:55 UTC, CZ’s wallet sent 4,444 MARSCOIN to the dead address on BNB Chain, a routine burn transaction with a gas fee of a fraction of a cent. In the very next block, one second later, wallet 0x30f1…da577 bought 84.6 million MARSCOIN using 16 BNB, worth about $9,600 at the time.
To land that block, the trader paid roughly $9.90 in gas, hundreds of times the normal rate, just to get priority placement ahead of anyone else reacting to the burn. They did not wait around to see where the price went. Almost immediately, they sold half their position, 42.3 million tokens, for about 16.4 BNB, which covered their original investment and then some.
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