WATCHING CZ WALLET "SNIPERS" MARSCOIN, A TRADER EARNS $282,000 IN HOURS

On 17 August, according to Lokonchain, a trader, by monitoring CZ's public wallet, completed a high-return MASCOIN transaction within hours. According to the chain data, at the same time that the CZ wallet destroyed 4,444 MASCOINs, the dealer quickly invested 16 BNBs (approximately US$ 9645) to buy 8.46 million MASCOINs. In order to complete the transaction before the other traders, it raised the Gas price to hundreds or thousands of times the normal level and paid $9.93 in handling fees. After the purchase, the trader used the strategy of "retribution of principal" and sold about 42.3 million MASCOINs with 16.4 BNBs to recover the initial input, making the remaining hold almost "zero cost" position. Subsequently, the trader did not immediately clear up, but continued to sell the remaining 42.3 million MASCOINs in batches in order to avoid leaving prematurely as currency prices continued to rise. Ultimately, it sold 465 BNBs in cumulative terms in surplus, amounting to approximately US$ 282,000 at current prices。