BNB Rallies on Trump Pardon for Binance Founder CZ, Volume Spikes
Binance Coin (BNB $1,112.33) climbed 3.3% in the past 24 hours, trading near $1,126, following President Donald Trump’s pardon of Changpeng Zhao, Binance’s co-founder and former CEO. The move helped BNB outperform broader crypto markets.
Zhao had pleaded guilty in November 2023 to violating the Bank Secrecy Act and stepped down from Binance. Originally sentenced to three years, he served four months, a decision widely criticized across the crypto industry. White House Press Secretary Karoline Leavitt described the prior prosecution under President Biden as a “war on cryptocurrency.”
Industry analysts see the pardon as a potential catalyst for BNB’s market position. David Namdar, CEO of CEA Industries, the largest publicly traded BNB treasury firm, commented:
“CZ’s pardon is not just a personal milestone—it could unlock broader opportunities for BNB and Binance in the U.S. market. The fundamentals for BNB are robust, with a vast global user base, strong real-world adoption, and consistent utility across DeFi and CeFi.”
BNB’s rally coincided with a trading volume surge of nearly 35% above its seven-day average, according to CoinDesk Research. The token jumped from $1,085.96 to $1,130.25 before meeting resistance near $1,140–$1,143, suggesting that the buying pressure reflected long-term accumulation rather than short-term speculation.
Technically, BNB remains in a consolidation phase. Resistance at $1,128 has capped several intraday rallies, while support at $1,124 has held firm. Market watchers are eyeing whether BNB can break toward $1,150, or if a failure at current levels may push it back toward $1,078.
