Binance Coin (BNB) Rockets, Volume Up 35% After Trump Pardons CZ

BNB Climbs After Trump Pardons Binance Founder CZ, Trading Volume Jumps

Binance Coin (BNB $1,112.33) rose 3.3% over 24 hours, trading near $1,126, outpacing the broader crypto market following U.S. President Donald Trump’s pardon of Changpeng Zhao, co-founder and former CEO of Binance.

Zhao pleaded guilty in November 2023 to violating the Bank Secrecy Act and stepped down from the exchange he founded. His three-year sentence, later reduced to four months, drew widespread criticism in the crypto community. The White House, via Press Secretary Karoline Leavitt, labeled the prior prosecution under President Biden as a “war on cryptocurrency.”

Analysts see broader implications for BNB and Binance. 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 catalyze BNB and Binance, potentially expanding access to the U.S. market. BNB fundamentals have never looked stronger: deep adoption, a global user base, and consistent utility across DeFi and CeFi.”

The token’s rally was supported by a nearly 35% spike in trading volume above its seven-day average, according to CoinDesk Research. BNB surged from $1,085.96 to $1,130.25 before meeting resistance between $1,140 and $1,143, with buying patterns suggesting long-term accumulation rather than short-term speculation.

Technically, BNB is consolidating. Resistance at $1,128 has capped intraday gains, while support at $1,124 remains strong. Traders are now watching whether BNB can push higher toward $1,150, or if it will retreat toward $1,078.