In the past month or so, several groups have been fighting it out over Mars coins.
The pool was opened at the end of July. Yes, it’s not BNB and not U—it’s a stock token of SpaceX.
Each buy and sell charges a 3% tax. The proceeds are used to pay SpaceX stock tokens to the holders.
The name borrowed CZ’s old tweet about “issuing coins on Mars.”
As soon as someone changed the Twitter location to Mars, the hype took off.
On August 21st it only hit a low of 0.023.
On September 1st, Binance listed perpetual contracts. After that, over the next four days it went from 0.066 to 0.26, and the market cap surged to 240 million.
Then it got halved all the way down. On the 16th it bottomed at 0.086.
Futures contracts are a double-edged sword. Spot can only buy, but futures can short. Once the shorts have tools, the moment someone pushes up, they start dumping.
The “yellow guy” publicly holds over 20 million tokens, worth a couple million in dollars—over $2 million, about $2.6 million. He’s using it as a benchmark against SAFEMOON from 2021. The louder he shouts, the steadier his stash.
Worst off are those who chased in above 0.2—they’re still stuck halfway up the hill.
Now it’s at 0.115, with a market cap of about 110 million. It’s up 14% today.
There’s another date worth remembering: the exchange side distributes holder dividends monthly, with the first batch expected to arrive in early October.
For those expecting dividends, they won’t be in a hurry to sell.
ca:0xfe189e97832da1573e4e6ff034f4ffc3a15c7777 #MARSCOIN
The pool was opened at the end of July. Yes, it’s not BNB and not U—it’s a stock token of SpaceX.
Each buy and sell charges a 3% tax. The proceeds are used to pay SpaceX stock tokens to the holders.
The name borrowed CZ’s old tweet about “issuing coins on Mars.”
As soon as someone changed the Twitter location to Mars, the hype took off.
On August 21st it only hit a low of 0.023.
On September 1st, Binance listed perpetual contracts. After that, over the next four days it went from 0.066 to 0.26, and the market cap surged to 240 million.
Then it got halved all the way down. On the 16th it bottomed at 0.086.
Futures contracts are a double-edged sword. Spot can only buy, but futures can short. Once the shorts have tools, the moment someone pushes up, they start dumping.
The “yellow guy” publicly holds over 20 million tokens, worth a couple million in dollars—over $2 million, about $2.6 million. He’s using it as a benchmark against SAFEMOON from 2021. The louder he shouts, the steadier his stash.
Worst off are those who chased in above 0.2—they’re still stuck halfway up the hill.
Now it’s at 0.115, with a market cap of about 110 million. It’s up 14% today.
There’s another date worth remembering: the exchange side distributes holder dividends monthly, with the first batch expected to arrive in early October.
For those expecting dividends, they won’t be in a hurry to sell.
ca:0xfe189e97832da1573e4e6ff034f4ffc3a15c7777 #MARSCOIN
