Archive · 23 Sep 2025
BNB Token Soars Amidst Speculation of Zhao Pardon
BNB, a cryptocurrency connected to the Binance exchange, saw its price jump to a record high.
This happened because people are betting that Changpeng Zhao, the former head of Binance, might get a pardon from the US government.
Zhao stepped down after a financial agreement with the US.
If he gets pardoned, it could be good for Binance.
Also, any changes in crypto regulations in the US might benefit the company.
Some think this is why the price is up, as the price increased in anticipation of these events.
BNB, the cryptocurrency from Binance, reached a record high.
The price surge followed speculation about a potential pardon for Changpeng Zhao.
Zhao, the former Binance CEO, stepped down after a $4.3 billion settlement.
Regulatory developments in the US may also be a factor.
Zhao is seeking a pardon from former US President Donald Trump.
- Who
- BNB token, Changpeng Zhao, US authorities
- What
- BNB token reached a record high; speculation of Zhao's pardon
- When
- Over the weekend, reaching a record on Sunday
- Where
- N/A
- Why
- Speculation of Zhao's pardon and regulatory developments in the US
- Cryptocurrency
- BNB
- Market Rank
- Fifth-largest
- Record High
- $1,083 (reached on Sunday)
- Binance Co-founder
- Changpeng Zhao
- Settlement with US
- $4.3 billion
- BNB held by accumulators
- $560 million (0.4% of supply)
- BNB Launch Year
- 2017
- Zhao's Net Worth
- $54.6 billion
