CZ tests on-chain perpetuals by longing MUBARAK on APX Finance to check for MEV issues

Changpeng Zhao has made a long, 24.7 effect exchange on Mubarak to test MeV’s problems, triggering a thrust of the price of the token.

On March 23, the founder of Binance and former CEO opened a long and effect of 24.7x on Mubarak (Mubarak) with 0.04 BNB as guarantee on APX Finance. The transaction was reported on x by chain analyst AI_9684XTPA, to which CZ replied “Do a little chain test on Sunday, as usual. Nothing excitement.”

Despite the minimum of CZ, AI_9684XTPA reported that during the 7 minutes since the position opened, APX (APX) had jumped from 26%, from $ 0.64 to $ 0.081, while Mubarak increased from 5.5%, from $ 0.146 to $ 0.154. The trade was carried out using a public donation address and the position has now been concluded.

This reaction of the market is aligned with a familiar trend – in CZ exchanges or tweets, the purchase of pressure follows. Recently, Zhao bought 20,150 Mubarak for 1 BNB (worth $ 600 at the time), which sent the rise of MubarakBriefly claiming the first place in the same classification of the BNB chain by market capitalization and volume of negotiation which amounts to the overtaking of $ 180 million, as indicated by Root data.

However, the perpetual trade of Zhao on Mubarak was carried out as a test because it explain In his article on X, declaring “just try the experience, also trying to see how if there is still Mev.”

Zhao has not yet shared results of his tests linked to a maximum extractable value. His perpetual test follows his February 7 survey on X, where he request That the BNB channel should considerably eliminate or reduce MEV problems.

Although MEV is more commonly associated with Ethereum (Ethn) Network, users of the BNB chain also faced significant losses due to MEV – where validators reorganized or reorganized transactions awaiting inclusion in the block to maximize their profits. In 2024 only, BNB users would have Lost about 1.5 billion dollars due to MEV.