Can BNB Overtake Ethereum? Changpeng Zhao Requests Presidential Pardon From Trump

BNB cryptocurrency is edging closer to $1,000, steadily climbing along with ETH, which is priced above $4,300. At present, BNB USD is among the top performers, solidifying its place within the top 10 most valuable cryptocurrencies.

As per Coingecko, BNB holds the fifth position, just behind XRP and USDT. Over the past week, BNB has increased by nearly 10% and is expected to continue gaining if ETH maintains its upward trend.

Will BNB Crypto Rise to $1,000?

From the daily chart, BNB ▲1.42% is approaching its all-time peak of $861. After a downturn in early August, the coin rebounded significantly, reflecting Ethereum’s increases.

If the bulls keep their momentum from last week, BNB could break through $870 and approach $1,000 in a sustained buying trend, confirming a breakout above the highs seen in December 2024 that were established in late July 2025.

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Data from Coinglass shows that traders are gearing up for this scenario. Over the previous week, Binance has witnessed net inflows exceeding $43 million.

Since August 6, there has been a consistent inflow into the spot BNB trading market, indicating that traders are keen to HODL. During this period, prices have surged from $755 to current levels, establishing BNB as one of the top cryptocurrencies to invest in.

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In addition to individual traders, institutions are increasing their involvement with BNB. Companies such as Nano Labs and Windtree Therapeutics together control more than $600 billion worth of BNB.

This influx continues even as the U.S. SEC has only approved spot crypto ETFs for Bitcoin and Ethereum. Regardless, institutional support for BNB is a significant advantage for prices and may further channel capital into some of the premier meme token ICOs.

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Will Trump Grant Clemency to Changpeng Zhao of Binance?

Investors are keeping a close watch on the situation in the United States. Recent update suggests that Changpeng Zhao, the Binance founder, is pursuing a presidential pardon from Donald Trump.

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

One year after his release, Zhao is launching a clemency campaign. According to reports, the White House is currently reviewing pardon applications from both Zhao and Binance.

It remains uncertain if Zhao will be granted a pardon. He has publicly lauded the Trump administration for its base level of crypto on various occasions. In parallel, Binance has developed a solid business collaboration with World Liberty Financial, a DeFi network associated with the Trump family. Although not confirmed, allegations suggest Binance authored the USD1 smart contracts and conducted a $2 billion transaction, with 90% of USD1 still retained in Binance-managed wallets.

However, should Zhao obtain a pardon, Trump and the White House should be prepared for controversies. Democrats fear that such a pardon could enable Binance to further business ties with World Liberty Financial, indirectly benefitting Trump.

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