TL;DR
- A trader turned roughly $9,600 into $282,000 after monitoring CZ’s public wallet and buying MARSCOIN immediately after a token burn.
- The trader paid about $9.90 in gas to secure priority in the next BNB Chain block.
- CZ later said he would stop using the wallet after traders interpreted routine token-cleanup transactions as market signals.
A trader converted roughly $9,600 into about $282,000 in less than five hours by tracking Changpeng “CZ” Zhao’s public wallet and reacting almost instantly to a MARSCOIN burn on BNB Chain. The trade highlights how on-chain transparency can create opportunities for fast-moving crypto traders while also exposing the risks of treating wallet activity as an investment signal.
This trader made $282K in just a few hours — a 29x return — by monitoring CZ's wallet!
How did he do it?
1/ Here's his strategy.👇 pic.twitter.com/UcUWXPNJPV
— Lookonchain (@lookonchain) August 17, 2026
CZ’s Wallet Move Triggered A Rapid Trade
At 08:12:55 UTC on August 16, CZ’s wallet sent 4,444 MARSCOIN tokens to a burn address. One second later, wallet 0x30f1…da577 purchased about 84.6 million MARSCOIN with 16 BNB, worth approximately $9,600 at the time.
The trader paid close to $9.90 in gas, far above normal transaction costs, to secure a position in the next block. That timing gave the wallet an early entry before the broader market fully reacted to the transaction.
The strategy was simple but disciplined. The trader immediately sold roughly half of the position for about 16.4 BNB, effectively recovering the initial capital. The remaining tokens were sold progressively as MARSCOIN appreciated.
According to Lookonchain data cited by multiple outlets, those later sales generated about 465 BNB, bringing the total proceeds close to $282,000. The wallet therefore achieved roughly a 29-fold return from the original position.
CZ’s Wallet Attention Shows The Risk Of Copy Trading
The trade also demonstrates why public blockchain data has become a valuable source of information for crypto market participants. Traders can monitor transactions in real time and respond without waiting for centralized exchange announcements or traditional market reports.
However, the same transparency can create dangerous assumptions. Another trader spent approximately $133,000 in USDT buying MARSCOIN after seeing the activity, but later sold the position for only about $22,400 after CZ announced that he would stop using the wallet. The loss was roughly $110,700.
CZ explained that he had been testing Trust Wallet and discovered that his address was filled with unsolicited meme coins. He said he began burning some of them to clean up the wallet, but the transactions attracted speculation because traders were closely monitoring the address.
