Can BNB Catch Up With Ethereum? Changpeng Zhao Seeks Presidential Pardon From Trump

BNB crypto is inching closer to $1,000, rising steadily alongside Ethereum, which is trading above $4,300. Currently, BNB USD is a top performer, securing its position in the top 10 most valuable cryptos.

According to Coingecko, BNB ranks fifth, trailing XRP and USDT. BNB has surged nearly 10% in the past week and is likely to extend gains if Ethereum continues rallying.

Will BNB Crypto Rally to $1,000?

From the daily chart, BNB ▲0.82% is trading near all-time highs of $861. After a dip in early August, the coin rebounded strongly, mirroring Ethereum’s gains.

Binance Coin

Price

Market Cap

BNB

$119.43B

24h7d30d1yAll time

If bulls maintain momentum from last week, BNB could surge past $870 and reach $1,000 in a buy trend continuation, confirming the breakout above December 2024 highs printed in late July 2025.

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According to Coinglass data, traders are preparing for this possibility. Binance has seen over $43 million in net inflows over the past week alone.

There has been a steady inflow in the spot BNB market since August 6, suggesting traders are keen on HODLing. During this time, prices rose from $755 to current levels, emerging as one of the best cryptos to buy.

(Source)

Beyond trader accumulation, institutions are gaining exposure to BNB. Firms like Nano Labs and Windtree Therapeutics collectively control over $600 billion worth of BNB.

This inflow remains despite the U.S. SEC approving only spot crypto ETFs tracking Bitcoin and Ethereum. Nonetheless, institutional backing of BNB is a major boost for prices and may even boost capital inflow to some of the best meme coin ICOs.

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Will Trump Pardon Changpeng Zhao of Binance?

Investors are closely monitoring developments in the United States. Recent reports indicate that Changpeng Zhao, the founder of Binance, is seeking a presidential pardon from Donald Trump.

In late 2023, the U.S. Department of Justice fined Binance $4.3 billion for securities law violations, charged Zhao $50 million, and sentenced him to four months in prison. He was released in September 2024.

A year after his release, Zhao is mounting a clemency campaign. According to reports, the White House has received pardon applications from both Zhao and Binance, which are still under review.

It remains unclear whether Zhao will receive a pardon. Zhao has publicly praised the Trump administration for supporting crypto on multiple occasions. Meanwhile, Binance has cultivated a strong business relationship with World Liberty Financial, a DeFi platform linked to the Trump family. Although unverified, claims suggest Binance wrote the USD1 smart contracts and facilitated a $2 billion transaction, with 90% of USD1 still held in Binance-controlled wallets.

However, if Zhao receives a pardon, Trump and the White House should brace for controversy. Democrats are concerned that a pardon could enable Binance to reward World Liberty Financial with additional business, indirectly benefiting Trump.

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