According to on-chain analyst Ember, after Binance listed Mubarak spot at 5 o'clock, an address transferred 11 million Mubarak (1.49 million USD) into Binance. He received a gain of 1.60 million USD (+ 1075%) on Mubarak. He spent a total of 149,000 dollars to buy 13 million Mubarak at $0.011 on 3/14-3/16, and sold 2 million (266,000) at $0.133 through Bitget 6 days ago; the other 11 million were all transferred to Binance at $0.135 after Binance went live at 5:00 this morning. In total, he spent 149,000 money buying Mubarak for $0.011 and selling it for $0.135, making a profit of $1.60 million.