Binance Coin Jumps 4% as Binance Linked to World Liberty Financial’s Stablecoin Creation

The Binance Coin price has surged 4% in the last 24 hours, trading at $694 on a 5% increase in the daily trading volume to $2.2 billion.

Binance Coin Price Surges on Trump-Linked Stablecoin Ties

The surge in BNB price comes as reports reveal Binance’s involvement in creating and promoting the USD1 stablecoin, launched by Trump-backed World Liberty Financial. This connection, along with a $2 billion investment from Abu Dhabi’s MGX using USD1, has sparked fresh interest in the exchange and its native token.

With 90% of the USD1 tokens still held in Binance wallets, speculation is rising around the financial gains for Trump’s circle and the potential return of former CEO Changpeng Zhao, who is seeking a presidential pardon.

Binance Concludes Latest Quarterly Coin Burn

At the same time, Binance’s latest quarterly coin burn, which destroyed over 1.5 million BNB worth more than $1 billion, has reinforced its deflationary model. While this burn removed only about 1.15% of BNB’s supply, it plays a key role in supporting long-term value by reducing overall coin availability.

These combined developments, political ties, investment flows, and supply reduction have created a bullish environment for BNB in both the short and long term, attracting attention from traders and long-term holders alike.

Binance Coin Price Breaks Out of Bullish Cup and Handle Pattern

Binance Coin (BNB) has broken out of a strong bullish pattern on the daily chart, signaling more upside ahead. BNB is now trading at $694.1, after pushing above a key resistance level near $670. This breakout completes a Cup and Handle formation, a pattern that often leads to a strong upward move.

The rally started after BNB formed a double bottom near $500 earlier this year, which acted as a major support zone. From there, the price climbed slowly, forming the round base of the cup. After a brief dip (the handle), BNB broke out, confirming the pattern and showing strong buying interest.

A key level called buyside liquidity was taken out during the breakout, meaning the price moved above previous highs where many stop orders were likely sitting. This move shows that buyers are in control.

BNB Holds Momentum as RSI Nears Overbought

The Relative Strength Index (RSI), which measures momentum, is at 69.14, just below the overbought level of 70. This means the coin still has room to rise without being considered overbought. The RSI also shows strength compared to past price movements, supporting the bullish case.

If BNB pulls back, the $650–$670 zone could act as a new support area for a clear breakout and a target near $850. Holding above this level would confirm the breakout and suggest a move higher is still likely.

But if the price falls below this range, it may return to the $600 level, where the previous support sits. As long as it stays above the $650 support, the uptrend looks healthy.