Original｜Odaily Planet Daily (@OdailyChina)
Last weekend, the market on BSC continued, and CZ played the role of "ecological tester" as usual. In addition to mentioning two meme coins, BNBCard and LUXUN, he also tried to open a long position on Mubarak through on-chain contracts on APX Finance; meanwhile, the voting activity for new tokens on Binance is still ongoing, with less than three days left until the final winner is announced. Although the meme coin market in the Solana ecosystem is gradually warming up, BSC remains a hot ecological paradise at present. Odaily Planet Daily will briefly summarize the recent "CZ-style weekend market" in this article. (Recommended reading “With the heat not declining for a week, is BSC Meme really entering a new era this time?”)
CZ's meme coin learning journey continues, this time rotating to on-chain contract exchanges
At 0:36 AM Beijing time on March 24 (Sunday night Dubai time), CZ posted on X platform stating: “Did some on-chain testing as usual on Sunday, nothing to get excited about.” A few minutes later, he updated in the comments: “Testing completed.”
CZ admits: Never traded contracts on CEX
As everyone was puzzled, speculating whether CZ had bought some meme coin with a certain wallet, CZ subsequently retweeted a revealing tweet from crypto KOL 0xAA and stated: “Today was my first on-chain contract test. Trying to experience it, and also trying to see if there is still MEV (arbitrage) on (BSC). You might find it hard to believe, but I have never traded futures contracts on Binance (CEX). However, I have seen many product demonstrations.”
Test results: CEX experience is better than on-chain trading
When someone inquired about his experience in the comments, CZ responded: “To be honest, it’s not as good as CEX. Also, I don’t understand why everyone can see your trading operations? My understanding of futures contracts is that you never want others to know your closing price. Maybe I’m outdated?”
Additionally, he emphasized: “Decentralization and privacy are different things. They can both be achieved simultaneously, for example, using zero-knowledge proofs.”
CZ: Realized early on that he is not suited for trading and has no intention of becoming a trader
Furthermore, CZ responded to many people's concerns about the question “A product manager who doesn’t want to be a user is not a good product manager.” He mentioned: “I have dealt with many futures systems in my career. I used to trade as well. Soon I realized I am not a good trader.” He also clarified: “I do not intend to become a trader. 😂”
It is evident that CZ is quite self-aware regarding his trading skills.
This also reaffirms a simple truth: “A successful person does not necessarily have to be omniscient and omnipotent; the key is to do the right thing at the right time.”
As a result of the above news, the APX token briefly surged over 38%, with its market cap later skyrocketing to $924 million. As of the time of writing, according to GMGN data, APX is currently priced at $0.076, with its market cap falling back to around $760 million.
APX token information
CZ's "preview-style Alpha": Already mentioned APX and Mubarak-related information
It is worth mentioning that as early as the afternoon of March 23, CZ retweeted the news of Astherus launching the Mubarak and Bananas31 contracts, commenting: “Contracts on BSC. High risk, high volatility.”
It can be said that CZ has continued his previous "behavioral trajectory"—“preliminary announcement - small step trial - informing the community - reflecting on construction.”
As an on-chain contract exchange invested by YziLabs (Binance Labs), Astherus, after integrating Apollox, previously stated that the subsequent APX token would be directly exchanged for ASS tokens, thus conducting a premeditated marketing campaign for product interaction and token launch events.
Additionally, there are speculations in the market that, as an investment project under Yzi Labs, although Astherus has not yet conducted TGE, there is a high probability that the ASS token will land on Binance in the future.
For more interactive tutorials about Astherus, please follow the related articles published by Odaily Planet Daily.
CZ's "three-pronged approach to ecological construction": verbal support, operational behavior, community building
Looking back, after experiencing the initial "shouting one cools down" phase of "unsuitable platform," CZ has gradually figured out different methods of promoting meme coins and leveraging meme coins to boost ecological construction.
In the first stage, CZ often supports certain meme-attribute token projects or memes through verbal support, leveraging his strong influence to spread and attract more market attention and liquidity.
In the second stage, CZ transitions from verbal support to operational behavior, such as buying TST, Mubarak tokens, etc. This support is stronger than in the first stage, and the corresponding meme coin projects see a greater increase. At the same time, he can maximally perceive the community's views, suggestions, and opinions on different token projects.
In the third stage, CZ often promotes the development of meme coin communities through a "small community driving a large community" approach, thereby driving the development of the BNB community and the broader BSC ecological community, which cleverly resembles the idea of "small balls driving large balls" or "child coins driving parent coins."
The latest DEX platform data also supports the effectiveness of this strategy.
According to Defillama data, the top 3 DEX weekly trading volumes are:
- Pancakeswap, with a weekly trading volume of $14.1 billion, a weekly increase of 41.93%;
- Uniswap, with a trading volume of $8 billion, a weekly decrease of 43.83%;
- Raydium, with a trading volume of $2.5 billion, a weekly decrease of 17.32%.
It can be said that thanks to the proactive operations of CZ and He Yi, the activity level of the BSC ecosystem is temporarily at the forefront in the current market of BTC fluctuations and altcoin declines.
As for whether BSC can maintain this momentum and achieve a "meme coin boom" lasting over six months like the Solana ecosystem, it remains to be seen in the long term.
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