BNB Price Surges as Warren Slams CZ Pardon over alleged political corruption

BNB’s price has surged 5% in the last 24 hours, climbing to $1,151, on a 61% jump in the daily trading volume to $5.7 billion.

That price increase comes after U.S. Senator Elizabeth Warren criticized President Donald Trump’s decision to pardon Binance founder Changpeng Zhao (CZ), calling it an act of “corruption.” She claimed that CZ pleaded guilty to money laundering and used his influence to get Trump’s support for a pardon. Warren urged Congress to stop what she called political corruption linked to the crypto industry.

CZ quickly responded on X, saying Warren’s claims were false and that there were no money laundering charges against him. He accused her of spreading misinformation and reminded the public that she had declared “war on crypto” just days before his sentencing under the Biden administration. CZ also said his case showed political bias in the U.S. Department of Justice.

President Trump defended his decision, saying CZ’s actions “weren’t even a crime.” The news lifted market sentiment, with Binance Coin (BNB) rising 5% to $1,130. BNB has now doubled in value this year, with a 61% jump in trading volume to $5.74 billion, showing renewed optimism in Binance’s future.

BNB Price Holds Strong Above $1,000 as Buyers Return

Binance Coin (BNB) is showing strength after recent price swings, trading around $1,138 today, up 1% in the past 24 hours. The coin has held above a key support zone near $1,000, suggesting buyers are defending this level after the recent drop from its $1,400 high.

The chart shows that BNB bounced from its support area, which has been a strong demand zone since the last breakout. This zone helped stabilize the market and pushed the price back up. Earlier this year, BNB traded in a consolidation zone between April and June before breaking out in July and starting a sharp parabolic rise that continued into October.

BNBUSDT Analysis Source: Tradingview

Even after the correction, the parabolic trend line remains unbroken, meaning the long-term uptrend is still safe for now. The RSI indicator is around 52, showing a balanced market where both buyers and sellers are active, but neither side is dominating.

If buying pressure increases, BNB could return to the $1,250–$1,300 range. However, if it falls below $1,000, it could lead to more selling and push prices down to around $900.

Traders see the current sideways movement as a healthy pause after months of gains. Holding above the parabolic curve suggests that BNB still has room to grow if overall market sentiment improves.

With trading activity slowly picking up and support levels holding firm, Binance Coin could be preparing for another upward move if the bullish momentum returns.