Share this article
BNB Jumps, Sees 35% Volume Spike After Trump Pardons Binance Founder CZ
Trading volume for BNB increased nearly 35% above its seven-day average, with market analysts suggesting the price movement reflects long-term accumulation.
Oct 24, 2025, 1:25 p.m.
Make us preferred on Google
What to know:
- BNB rose 3.3% to $1,126 after U.S. President Donald Trump pardoned Changpeng Zhao, co-founder and former CEO of Binance.
- Trading volume for BNB increased nearly 35% above its seven-day average, with market analysts suggesting the price movement reflects long-term accumulation.
- Industry observers view the pardon as a potential turning point for Binance's U.S. market access, with David Namdar of CEA Industries highlighting BNB's strong fundamentals and global user base.
Binance Coin gained 3.3% in the last 24-hour period to trade at $1,126, outpacing broader crypto markets afterU.S. President Donald Trump issued a pardon for Changpeng Zhao, co-founder and former CEO of Binance.
Zhao pleaded guilty in November 2023 to violating the Bank Secrecy Act and agreed to step down from the exchange he founded. The attempt to imprison him for three years drew criticism across the crypto industry, and ultimately Zhao served four months.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In a statement, White House Press Secretary Karoline Leavitt characterized the prosecution under President Biden as a “war on cryptocurrency.”
“We believe CZ’s pardon is more than an inflection point for him personally, but also for BNB and potentially for Binance, paving the way for greater access to the US market,” said David Namdar, the CEO of CEA Industries, the largest publicly traded BNB treasury firm.
“The fundamentals for BNB have never looked better in our opinion: a vast global user base, deep real-world adoption, and consistent utility across DeFi and CeFi alike,” he added.
BNB’s rally was fueled by a spike in trading volume that jumped nearly 35% above its seven-day average, according to CoinDesk Research's technical analysis data model. In the rally, the token surged from $1,085.96 to $1,130.25 before meeting resistance between $1,140 and $1,143. Market data suggest the buying pressure was more likely accumulation than short-term speculation.
Technically, the token appears to be consolidating. Short-term resistance at $1,128 has capped several intraday rallies, while support at $1,124 has held up despite multiple tests.
Traders are watching to see whether BNB can break higher toward $1,150, or if a failure at current levels will send it back toward $1,078.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
