Why is BNB Up Today? Price Jumps, Token Sees 35% Volume Spike After CZ Pardon

Binance Coin (BNB) gained 3.3% to trade around $1,126 after U.S. President Donald Trump issued a pardon for Changpeng Zhao (CZ), the co-founder and former CEO of Binance, who had pleaded guilty to violating the Bank Secrecy Act and served four months of a potential three-year sentence. The pardon was viewed by some, like David Namdar of CEA Industries, as an inflection point for BNB and potentially Binance, suggesting it could open the door to greater access to the U.S. market. BNB's rally was supported by a nearly 35% surge in trading volume above its seven-day average, which market data suggests indicates accumulation rather than short-term speculation. Technically, the token is consolidating, facing short-term resistance at $1,128 while holding support at $1,124.

(Source：CoinDesk)