BNB Jumps as Trump Pardons Binance Founder CZ, Trading Volume Spikes
Binance Coin (BNB $1,112.33) surged 3.3% over the past 24 hours, trading near $1,126, outpacing broader crypto markets after President Donald Trump pardoned Changpeng Zhao, the co-founder and former CEO of Binance.
Zhao had pleaded guilty in November 2023 to violating the Bank Secrecy Act and stepped down from Binance. Initially sentenced to three years, he served four months—a decision that drew widespread criticism within the crypto community. White House Press Secretary Karoline Leavitt described the previous prosecution under President Biden as a “war on cryptocurrency.”
Industry observers say the pardon could have broader market implications. David Namdar, CEO of CEA Industries, the largest publicly traded BNB treasury firm, said:
“CZ’s pardon is more than a personal milestone—it could be a turning point for BNB and Binance, enabling greater access to the U.S. market. BNB’s fundamentals are strong, with a large global user base, widespread adoption, and consistent utility across both DeFi and CeFi platforms.”
The rally coincided with a trading volume surge of nearly 35% above its seven-day average, according to CoinDesk Research. BNB moved from $1,085.96 to $1,130.25 before meeting resistance around $1,140–$1,143, with buying patterns pointing to long-term accumulation rather than short-term speculation.
Technically, BNB is consolidating. Resistance at $1,128 has capped several intraday rallies, while support at $1,124 has held firm. Traders are watching whether BNB can break higher toward $1,150, or if failure at current levels may drive it back toward $1,078.
