On March 24, according to CZ's announcement on the X platform, he conducted his first on-chain Futures Contract test with APX Finance at 01:17 Beijing time. He chose a buy position for the Mubarak Token, currently priced around $0.149, with a take-profit level at $0.165. CZ explained that this test aimed to experience the on-chain trading process and check whether the value extractable from Miners (MEV) still exists. This also revealed that he had never traded Futures Contracts on the Binance platform and only referred to product guidance documents.
CZ acknowledged that the overall on-chain experience is not as good as a centralized exchange (CEX) and has no intention of becoming a trader. This is a simple sharing of market information and not an investment recommendation.
