CZ's On-Chain Trading Debut: 25x Leverage Long on $Mubarak Returns 148% Profit in 10 Minutes
Changpeng Zhao (CZ), the founder and CEO of Binance, has once again made headlines with his first-ever on-chain perpetual contract trade, securing an impressive 148% profit in just 10 minutes. His decision to execute this high-leverage trade using a public donation address has sparked significant buzz within the crypto community. This move highlights the growing influence of decentralized finance (DeFi) and the substantial impact that influential figures like CZ can have on market trends.
What is $Mubarak?
$Mubarak is a community-focused memecoin that thrives on cultural relevance, humor, and community engagement. In contrast to most memecoins, which aim to generate short-lived hype, $Mubarak has garnered sustained traction thanks to its loyal, community-driven support. The coin's presence on the Binance Smart Chain (BNB Chain) ensures faster and cheaper transactions, making it more accessible to a broader audience. CZ’s recent trade on $Mubarak has further fueled the project's visibility, drawing more attention to it within the crypto space.
Event Details: CZ’s First On-Chain Futures Trade
On March 24, 2025, CZ executed his first on-chain perpetual contract trade on APX Finance, a decentralized derivatives exchange. For this trade, CZ took a long position on $Mubarak, leveraging 0.4 BNB with 24.7x leverage. Within just 10 minutes, the trade resulted in a 148% return. This transaction was made through a public donation address, which added an element of transparency and intrigue to the process.
Following the trade, CZ shared some insights on Twitter, revealing that on-chain trading is not yet as user-friendly as centralized exchanges. He also pointed out the challenges posed by the public visibility of liquidation prices, which can make on-chain trading a more risky and transparent affair.
Market Response
The market reacted quickly to CZ's high-profile move. APX Finance’s native token, $APX, surged by 42%, rising from $0.064 to $0.091 before settling at $0.0826. Similarly, $Mubarak saw a notable 5.5% increase, moving from $0.146 to $0.154 within minutes of the trade. These sharp price movements underscore the influence of high-profile individuals like CZ on market sentiment, particularly in the niche memecoin space.
Potential Impact and Community Reactions
CZ’s move has several implications for the decentralized finance landscape:
- Increased Interest in APX Finance
The trade sparked a surge of interest in the APX Finance platform. The $APX token saw an immediate increase in trading volumes and price appreciation, which could attract more users to the decentralized exchange, contributing to its long-term growth. - Market Volatility
The 25x leverage and rapid profit from the trade highlight the volatility inherent in both $Mubarak and APX Finance. Traders should be cautious when engaging in these high-risk markets, as significant price swings are a common feature. - Decentralized Derivatives
CZ’s trade has brought attention to decentralized derivatives exchanges like APX Finance. These platforms provide an alternative to traditional, centralized exchanges. While they offer transparency and a community-driven approach, their usability challenges remain a key issue for widespread adoption.
Analysts have noted that such high-leverage trades could lead to short-term price retracements, particularly in the memecoin market, which is sensitive to external influences. The community has reacted with a mix of excitement and caution. Some traders are applauding CZ’s transparency and openness, while others have raised concerns about the risks associated with the public visibility of trades.
Conclusion
CZ’s first foray into on-chain perpetual contracts has shed light on the emerging DeFi derivatives market and its potential for both high rewards and significant risks. While his 25x leveraged trade on $Mubarak produced impressive returns, it also highlighted the inherent volatility of decentralized trading platforms. Traders and investors should carefully consider the risks involved, particularly when participating in high-leverage, volatile markets like memecoins.
As the intersection between high-profile figures and DeFi continues to evolve, CZ’s involvement has certainly put a spotlight on decentralized trading. Moving forward, it will be interesting to see how the market reacts to future experiments and developments in this space.
