According to the latest development, Binance founder and former CEO Changpeng Zhao was observed to have opened a 24.8x long position in the Mubarak altcoin in onchain data.
CZ made a statement on the subject, saying, “I'm doing some testing on the chain as usual on Sunday, nothing to get excited about.”
Binance founder CZ made another update on the subject from his official X account. CZ, who admitted to opening a long position on Mubarak, stated that he conducted on-chain futures tests for the first time today. However, he admitted that he had not traded on the futures platform on Binance until now.
*This is not investment advice.
