BNB Hits $1,100 After Binance Founder Pardoned by Trump
BNB has experienced a 5.5% price increase, reaching $1,100 following the White House's announcement that Binance co-founder Changpeng Zhao (CZ) was pardoned by US President Donald Trump.
Key Developments
- The White House stated President Trump pardoned CZ, citing prosecution by the Biden Administration without allegations of fraud.
- CZ had previously pled guilty to Anti-Money Laundering violations and settled with the DOJ for $4.3 billion.
- CZ expressed gratitude for the pardon and aims to promote America as the "Capital of Crypto."
Market Impact
- BNB saw a significant rally recently, hitting an all-time high of $1,375.
- Analysts suggest BNB may face resistance at $1,180-$1,220.
- BNB is currently trading at $1,116, marking a 10.5% increase over the month.
