The sharp rise in BNB’s price also has crypto traders speculating that altcoin season could be on the horizon.
Crypto traders are expecting a significant rally for BNB in the coming weeks after US President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao.
Zhao pleaded guilty in November 2023 to one count of failing to implement an adequate Anti-Money Laundering (AML) program at Binance, violating the Bank Secrecy Act.
The price of BNB (BNB) surged 3.6% to an intraday high of $1,121 just hours after The Wall Street Journal reported that Trump pardoned Zhao, following months of lobbying and appeals from the company and Zhao.
