On March 24, CZ responded to "using BNB to long Mubarak on APX Finance", saying, "Today, the first on-chain perpetual contract test was conducted. It was just an attempt to experience, and also to see if there are still MEV (Maximum Extractable Value) issues. You might find it hard to believe, but I have never traded contracts on Binance (CEX). However, I have watched many product demonstrations."

BlockBeats previously reported that last night, CZ used a public donation address to open a 24.7x Mubarak long position with 0.04 BNB on APX Finance (the position has been closed).