BNB’s price skyrocketed after U.S. President Donald Trump granted a full pardon to Changpeng Zhao (CZ), the founder of Binance. The shocking political move has sent ripples across the crypto market, igniting speculation that “altcoin season” may be on the horizon.
BNB Soars Following Trump’s Pardon of CZ
Just hours after The Wall Street Journal broke the news, BNB jumped 3.6% to an intraday high of $1,121, with traders calling it the start of a new bull run for altcoins.
Crypto trader Xeer wrote on X with excitement:
“Trump just pardoned CZ. Now it’s $BNB up-only season!”
Altcoin Season Incoming?
The rally didn’t stop with BNB. World Liberty Financial (WLFI) — the native token of Trump’s son’s crypto venture — also surged nearly 14% to $0.1414, according to CoinMarketCap data.
Investors believe this renewed optimism could spill over into the broader crypto market. Richard Seiler, co-founder of RR2Capital, commented:
“Crypto could really use a catalyst right now… and this might just be it.”
Institutional Interest in BNB Grows
Earlier this week, BNB was listed on Coinbase and Robinhood, while publicly traded companies have started accumulating BNB for their treasury reserves.
Notably, Applied DNA Sciences, a biotechnology firm, disclosed the purchase of 4,908 BNB worth roughly $5.3 million, pushing its stock price up more than 50% in a single trading day.
“Up Only” Sentiment Takes Over
A mix of political momentum, institutional accumulation, and major exchange listings has fueled traders’ belief that the altcoin market could soon enter a new phase of explosive growth.
As trader Galaxy succinctly put it:
“BNB today, altcoins tomorrow.”
