Trading Volume Explodes 35% as BNB Reacts to Trump’s Pardon of CZ

BNB Rallies After Trump Pardons Binance Founder CZ, Volume Jumps 35%

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

Zhao, who pleaded guilty in November 2023 to violating the Bank Secrecy Act, stepped down from Binance and served four months of a three-year sentence. White House Press Secretary Karoline Leavitt described the prior prosecution under President Biden as a “war on cryptocurrency.”

Analysts say the pardon could boost both BNB and Binance’s prospects in the U.S. David Namdar, CEO of CEA Industries, the largest publicly traded BNB treasury firm, stated:

“CZ’s pardon is more than a personal milestone—it could open doors for BNB and Binance in the U.S. market. BNB fundamentals remain strong, with a global user base, real-world adoption, and consistent utility across DeFi and CeFi.”

The rally coincided with a trading volume surge of nearly 35% above the seven-day average, according to CoinDesk Research. BNB climbed from $1,085.96 to $1,130.25, encountering resistance around $1,140–$1,143. Market data suggests the buying reflects long-term accumulation rather than short-term speculation.

Technically, BNB is consolidating. Resistance at $1,128 has capped intraday rallies, while support at $1,124 remains intact. Traders are watching to see if BNB can push higher toward $1,150, or if a failure could send it back toward $1,078.