BNB Rallies After Trump Pardons Binance Founder CZ
- Binance Coin BNB rose by 3.3% to trade at $1,126 in the last 24 hours.
- The price surge followed U.S. President Donald Trump’s pardon of Changpeng Zhao, co-founder of Binance.
- Zhao had previously pleaded guilty to violating the Bank Secrecy Act and served four months in prison.
- Trading volume for BNB increased nearly 35% above its seven-day average during this rally.
- Current resistance for BNB is noted at $1,128, with support holding at $1,124.
The pardon has been characterized as a pivotal moment for both Zhao and Binance, potentially enhancing access to the U.S. market for BNB and the exchange itself.
As of now, BNB’s price has fluctuated between $1,085.96 and $1,130.25 amid significant trading activity.(Source)
