Monitor the CZ wallet to snipe MARSCOIN, and a trader made a profit of $282,000 within a few hours

In comparison, according to Lookonchain monitoring, a trader completed a high-return MARSCOIN transaction within a few hours by monitoring CZ's public wallet. According to on-chain data, at the same time that the CZ wallet destroyed 4,444 MARSCOINS, the trader quickly invested 16 BNB (about $9645) to buy 84.61 million MARSCOINS.

In order to complete the transaction before other traders, it raised the gas price to hundreds or even thousands of times its normal level and paid a processing fee of $9.93. After the purchase, the trader used a strategy of recovering the principal amount after doubling, and sold about 42.3 million MARSCOIN for 16.4 BNB to recover the initial investment, making the remaining position basically a zero-cost position.

Subsequently, the trader did not immediately clear the position, but continued to sell the remaining 42.3 million MARSCOIN in batches to avoid leaving the market prematurely when the price of the token continued to rise. In the end, it sold a total of 465 BNB of the remaining tokens, which was approximately $282,000 at the current price.