Traders see BNB going ‘up only’ after Trump’s CZ pardon

Crypto traders are expecting a significant rally for BNB after reports indicated that US President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao, who had pleaded guilty to violating the Bank Secrecy Act regarding Anti-Money Laundering (AML) failures. Following the news, BNB's price surged by 3.6% to an intraday high of $1,121. This price action has led some traders to speculate that an "altcoin season" could be imminent, with one analyst suggesting the pardon could be the catalyst the crypto market needed. The enthusiasm also extended to World Liberty Financial (WLFI), the token of Trump's son's company, which saw a nearly 14% increase. This development follows recent positive events for BNB, including its listing on Coinbase and Robinhood, and increased accumulation by publicly traded companies for their treasuries, such as biotech firm Applied DNA Sciences purchasing $5.3 million worth of BNB tokens.

(Source：Cointelegraph)