On October 23, 2025, Binance Coin (BNB) experienced a significant price surge, climbing over 5% to break above the $1,100 level. This rally was directly triggered by the news that U.S. President Donald Trump had granted a pardon to Changpeng “CZ” Zhao, the founder of Binance.
A Surge Driven by Political News
The market’s reaction was immediate. Following the official announcement from the White House, the price of BNB increased from around $1,072 on October 22 to approximately $1,128 on October 23. This move was part of a broader positive sentiment that also lifted other cryptocurrencies linked to Trump and the Binance ecosystem.
The pardon removed a major legal overhang for CZ, who had pleaded guilty to violations of the Bank Secrecy Act in 2023 and served a four-month prison sentence. The White House spokesperson criticized the previous administration’s approach, signaling a potentially more favorable regulatory environment for the crypto industry, which the market interpreted as a green light.
Mixed Signals Under the Surface
While the price action was positive, a look at broader market dynamics reveals a more complex picture. The surge occurred amidst a period of recovery for the crypto market, which had been experiencing volatility due to global trade tensions and macroeconomic uncertainties.
Furthermore, the BNB ecosystem itself is a tale of two sides. On one hand, the underlying BNB Chain has demonstrated strong fundamental growth through 2025, setting records for transaction processing and active addresses, which supports its long-term value proposition. On the other hand, the ecosystem is also known for its high volatility, particularly in the memecoin sector, where prices can be drastically influenced by social media sentiment.
A Rally Facing Its Next Test
The key question for traders and investors is whether this rally has staying power. The initial price pop is a clear reaction to a major news event, but sustainable growth typically requires continued buying pressure and fundamental support.
The performance of the broader BNB Chain ecosystem, including its total value locked (TVL) and decentralized exchange (DEX) volume, will be critical to watch in the coming days and weeks. The market will be observing whether the largest wallet holders, often called “whales”, return to accumulate more BNB, as their actions can significantly influence the market’s ability to establish a new, higher price floor.
