Binance Coin (BNB) Price Predictions: Can Trump Pardon for CZ Send Token to $2,000?

BNB price has surged to $1,083, driven by speculation of a potential pardon for Binance founder CZ by US President Donald Trump. If this happens, BNB could reach $2,000. However, if price falls back below the channel breakout point, it may re-enter its prior range. The token's momentum indicators are flashing bullish signals, supporting further upside.

Binance's BNB token has reached an all-time high of $1,083, driven by speculation that Binance founder Changpeng Zhao (CZ) may receive a presidential pardon from US President Donald Trump. This surge comes as traders and investors bet on the possibility of a pardon, which could significantly impact Binance's regulatory future and the native token's value.

The BNB token, the fifth-largest by market value, surged over the weekend and retreated on Monday alongside Bitcoin and Ether in a broad market selloff. The record high was achieved against a backdrop of heightened expectations for a Zhao pardon. The odds of a pardon reached a high of 64% on September 13 before pulling back to 50%, according to data on online betting platform Polymarket Binance-Linked Token Hits Record With Spotlight on Zhao Pardon^[1].

Patrick Horsman, co-founder of Build and Build Corp., attributed the rise to rumors of CZ's possible pardon. "Rumors of CZ’s possible pardon fuel further speculation," he said. The market believes that a pardon could help CZ, Binance, and BNB clear most regulatory concerns, according to Amanda He, chief investment officer at ChainUp Investment Binance-Linked Token Hits Record With Spotlight on Zhao Pardon^[1].

Zhao, who stepped down as Binance CEO in 2023, has sought clemency since his sentencing in 2023. He served a four-month prison term as part of a $4.3 billion settlement with US authorities. The prospect of a pardon has energized BNB bulls, with traders seeing it as a potential game-changer for Binance's regulatory future and its native token BNB Price Prediction: Traders Bet Big on Trump Pardon for Binance Founder CZ – $2,000 Next?^[2].

Binance is reportedly moving toward a potential deal with the US Justice Department that would allow it to shed an external compliance monitor. The company has also helped develop a stablecoin issued by World Liberty Financial Inc., one of Trump’s family ventures Binance-Linked Token Hits Record With Spotlight on Zhao Pardon^[1].

BNB's price action is also supported by technical indicators. The token has officially broken above a long-standing ascending channel that has guided its price for the past two years. Momentum indicators such as the RSI and MACD are flashing bullish signals, supporting further upside BNB Confirms Breakout: Is $1,000 the Next Inevitable Target After ATH?^[3].

However, the token's price could face resistance if it falls back below the channel breakout point. In that case, it may re-enter its prior range, with support near $760. As it stands, bulls are firmly in control, and the path to $2,000 is on the table BNB Price Prediction: Traders Bet Big on Trump Pardon for Binance Founder CZ – $2,000 Next?^[2].