Original | Odaily (@OdailyChina)
Author | Wenser (@wenser 2010)
Last weekend, the market on BSC continued, and CZ, as usual, played the role of an "ecosystem tester". Besides mentioning BNBCard and LUXUN, two meme coins, he also tried to go long on Mubarak through on-chain contracts on APX Finance. Meanwhile, Binance's listing vote is still ongoing, with less than 3 days left to reveal the final winner. Although the Solana ecosystem meme coin market is gradually warming up, BSC remains the hottest ecosystem at present. Odaily will provide a simple overview of the "CZ-style weekend market" in this article. (Recommended reading: "Will BSC Meme Enter a New Era This Time?").
CZ's Meme Coin Learning Journey Continues, This Time Turning to On-Chain Contract Exchange
On March 24th at 0:36 AM Beijing time (Sunday night Dubai time), CZ posted on X platform: "Performed some on-chain tests on Sunday as usual, nothing to get excited about." Fifteen minutes later, he updated in the comments: "Test completed."
CZ Admits: Never Traded Futures on CEX
While everyone was puzzled and guessing whether CZ had purchased a meme coin with a certain wallet, CZ subsequently reposted a revealing tweet by crypto KOL 0x AA and stated: "First on-chain contract test today. Trying to experience and see if there are still MEV (sandwich attacks) on BSC. You might find it hard to believe, but I've never traded futures contracts on Binance (CEX). Though I've seen many product demonstrations."
Test Result: CEX Experience Superior to On-Chain Trading
When someone asked about his experience in the comments, CZ answered: "To be honest, it's not as good as CEX. Moreover, why can everyone see your trading operations? My understanding of futures contracts is that you never want others to know your liquidation price. Maybe I'm outdated?"
He also emphasized: "Decentralization and privacy are different things. They can be achieved simultaneously, for example, by using zero-knowledge proofs."
CZ: Understood Early That He's Not Suitable for Trading and Has No Intention of Becoming a Trader
CZ also responded to questions about whether a product manager who doesn't want to be a user can be a good product manager. He mentioned: "I've handled many futures systems in my career. I've traded before. I quickly realized I'm not a good trader." He further clarified: "Not planning to become a trader. 😂"
It's clear that CZ is quite self-aware about his trading skills.
This also verifies a simple truth: "A successful person doesn't need to be omniscient; the key is to do the right thing at the right time."
Influenced by this news, APX token briefly rose over 38%, with market cap momentarily soaring to $924 million. As of writing, according to GMGN data, APX is trading at $0.076, with market cap falling to around $760 million.
APX Token Information
CZ's "Predictive Alpha": Already Mentioned APX and Mubarak Information
It's worth noting that on March 23rd afternoon, CZ had already reposted the news of Mubarak and Bananas 31 contracts on Astherus, commenting: "Contracts on BSC. High risk, high volatility."
CZ continues his usual "behavior trajectory" - "initial preview-small step trial-community announcement-retrospective construction".
As a on-chain contract exchange invested by Binance Labs, Astherus previously stated that APX token would be directly converted to ASS token after integrating Apollox, thus conducting a premeditated marketing for product interaction and token launch.
Additionally, the market speculates that as a Binance Labs investment project, Astherus, despite not yet having a TGE, has a high probability of listing on Binance in the future.
For more Astherus interaction tutorials, please follow Odaily's subsequent articles.
CZ's "Ecosystem Construction Three-Pronged Approach": Verbal Support, Operational Behavior, Community Building
Looking back, after experiencing initial "mention and crash" support, CZ has gradually understood different methods of shilling meme coins and promoting ecosystem development.
In the first stage, CZ often provides verbal support, leveraging his strong influence to spread and disseminate meme token projects or memes, attracting market attention and liquidity.
In the second stage, CZ transitions from verbal support to operational behavior, such as buying TST and Mubarak tokens, with greater support intensity and more significant price impact for meme coin projects. Simultaneously, he can maximally perceive community views, suggestions, and opinions about different token projects.
In the third stage, CZ often promotes ecosystem development through "small community driving large community" approach, thereby driving the BNB and BSC ecosystem community development, with a clever "small ball driving big ball" strategy.
The latest DEX platform data also confirms the effectiveness of this strategy.
According to Defillama data, the top 3 DEX weekly trading volumes are: - PancakeSwap, with $14.1 billion in weekly volume, up 41.93%; - Uniswap, with $8 billion in volume, down 43.83%; - Raydium, with $2.5 billion in volume, down 17.32%.
It can be said that benefiting from CZ and He Yi's proactive operations, under the current market of BTC oscillation and altcoin decline, the BSC ecosystem's activity is temporarily at the top.
As for whether BSC can sustain this momentum and achieve a "meme coin boom" lasting over half a year like the Solana ecosystem, it still requires longer-term verification.
