BNB’s Strategic Surge: CZ’s 24.7x Long Position on APX Finance Sparks Market Movement

In a recent update from COINOTAG on March 24th, Binance CEO CZ engaged in an interesting trading move by opening a 24.7x long position using 0.04 BNB on APX Finance. This maneuver, conducted through a public donation address, was reported to have closed shortly after execution, highlighting the strategic timing often employed in crypto trading.

APX Finance witnessed a notable price surge, registering a remarkable increase of 26%, with its value rising from $0.64 to $0.081. Similarly, the cryptocurrency mubarak experienced a respectable uptick of 5.5%, climbing from $0.146 to $0.154. These fluctuations underscore the dynamic nature of the cryptocurrency market, which can react swiftly to various investor activities.

In light of his trading activity, CZ addressed his audience on social media, commenting, “Just doing some on-chain testing as usual on a Sunday, nothing exciting.” This statement reflects his typical approach of transparency and engagement with the crypto community, while also serving as a reminder of the ongoing volatility within digital asset trading.