Express News | Monitoring CZ's Wallet "Snipes" MARSCOIN; A Trader Profits $282,000 Within Hours

On August 17, data from Lookonchain revealed that a trader executed a high-return MARSCOIN trade within hours by monitoring CZ's public wallet. On-chain data shows that coinciding with CZ's wallet burning 4,444 MARSCOIN tokens, the trader swiftly invested 16 BNB (approximately $9,645) to purchase 84.61 million MARSCOIN. To front-run other traders, the bidder increased the gas price to hundreds or even thousands of times the normal level, paying a $9.93 transaction fee. After the purchase, the trader adopted a "take out principal after doubling" strategy, selling approximately 42.3 million MARSCOIN for 16.4 BNB to recover the initial investment, thereby rendering the remaining position essentially "zero-cost." Subsequently, instead of liquidating immediately, the trader continued to sell the remaining 42.3 million MARSCOIN in batches to avoid exiting prematurely as the token price continued to rise. Ultimately, the trader sold the remaining tokens for a cumulative total of 465 BNB, equivalent to approximately $282,000 at prevailing prices.

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