Crypto just got a jolt. Within hours of U.S. President Donald Trump pardoning Binance founder Changpeng “CZ” Zhao, traders piled into assets tied to Binance, Trump-linked ventures, and the wider BNB ecosystem. BNB spiked, Trump-affiliated WLFI bounced, and CZ-adjacent memes ripped, igniting talk of a broader altcoin season.
Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.
— CZ 🔶 BNB (@cz_binance) October 23, 2025
🙏🙏🙏🙏
Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.
(Still in flight, more posts to come.)…
Source: CZ on X
On October 23, 2025, U.S. President Donald Trump issued a full pardon for Binance founder Changpeng “CZ” Zhao, an immediate sentiment shock that traders read as a friendlier policy tilt toward centralized exchanges. Within hours, BNB spiked 4–8% intraday, touching $1,150 before easing; Trump-linked WLFI jumped 12–15% to around $0.14; and CZ-backed perp DEX token ASTER printed double-digit gains, at one point surging over 20% on the day, as coverage and order flow clustered around CZ/Trump-related tickers.
Below, we break down 10 tokens that moved on the news, what each project is, and why traders think they’re in play now.
Top 10 Cryptocurrencies Surging After Trump Pardoned CZ
The market’s reaction to CZ’s presidential pardon was immediate and widespread. Here are the top 10 cryptocurrencies that surged in the hours following Trump’s announcement, each reflecting a different facet of the renewed optimism sweeping across the crypto market.
1. BNB Chain (BNB)
BNB, the native token of the BNB Chain, surged sharply following the news of CZ’s pardon, climbing 4.8% in 24 hours to around $1,138.53, with intraday highs near $1,150. Trading volume spiked 61.5% to $5.76 billion, while market capitalization rose to $158.46 billion, cementing BNB’s position as the fourth-largest cryptocurrency by market cap. Analysts attributed the rally to renewed confidence in centralized exchanges (CEXs) and optimism surrounding the proposed VanEck BNB ETF, expected to attract institutional flows if approved.
BNB continues to serve as the backbone of the BNB Chain ecosystem, used for gas fees, staking, governance, and liquidity across DeFi protocols. Its auto-burn mechanism, which permanently removes tokens based on on-chain activity, enhances its deflationary appeal amid growing network use. As of October 2025, the token’s circulating supply stands at 139.17 million BNB, nearly matching its fixed maximum supply cap of 139.18 million, underscoring long-term scarcity that supports price resilience during market catalysts like the CZ pardon.
2. Aster (ASTER)
ASTER, the native token of Aster DEX, a cross-chain perpetuals exchange backed by CZ and Yi He’s YZi Labs, rallied 15.38% in 24 hours to $1.14, with trading volume soaring to $823 million, a 6% daily increase that pushed its market cap to $2.3 billion. The token’s fully diluted valuation (FDV) now sits near $9.12 billion, reflecting strong market appetite for BNB-linked derivatives protocols following the CZ pardon. The surge followed a double catalyst: renewed sentiment across Binance-affiliated assets and Aster’s launch of its “Rocket Launch” incentives campaign, which rewards traders for high-volume activity on both spot and perpetual pairs.
Aster currently counts 173,000+ holders and a total supply of 8 billion ASTER tokens, all on the BNB Smart Chain. The Rocket Launch initiative aims to convert token launches into sustained trading activity, positioning Aster as a competitive rival to Hyperliquid in the decentralized derivatives sector. While ASTER remains 55% below its September all-time high, the recent rebound underscores investor confidence in its liquidity programs and association with Binance’s broader ecosystem. The combination of ecosystem support, deep liquidity, and renewed market optimism has made Aster one of the clearest short-term beneficiaries of the CZ pardon rally.
3. World Liberty Financial (WLFI)
Token ticker WLFI, issued by the Trump-family-backed entity World Liberty Financial, jumped approximately 14.17% in a 24-hour window to about $0.1427, with trading volume surging 155% to roughly $430.45 million and pushing its market cap up to $3.5 billion. With a circulating supply of 24.56 billion WLFI out of a max supply of 100 billion, its fully diluted valuation stands around $14.29 billion. The sharp move was triggered by the same sentiment catalyst that boosted other CEX-and-culture-linked assets, the pardon of CZ.
WLFI’s rally also reflects renewed attention on its institutional ties: the Trump family is reported to hold around 22.5 billion WLFI tokens, implying holdings of $3 billion+ at current prices. Earlier this year, WLFI was involved in a $2 billion investment deal with Binance using its USD1 stablecoin, linking the token directly to both Trump- and Binance-adjacent narratives. Despite being down 70% from its peak, WLFI’s recent rebound underscores how policy and narrative shifts can resurface latent interest in politically and exchange-proximate tokens.
4. 4 (4)
The token “4”, inspired by founder CZ’s viral “4” meme, exploded 43.6% in 24 hours to about $0.1305, with trading volume jumping 156.6% to roughly $159.7 million, yielding a market cap of $130.6 million and a FDV near $132.3 million. With a total and max supply of 1 billion “4” tokens and only ~28,550 holders, the token reflects extreme beta to CZ-related headlines and the broader BNB-Chain meme wave, characterised by thin liquidity, rapid listing momentum, and quick speculative spikes.
5. 币安人生 (Binance Life)
币安人生 (Binance Life) is often credited with igniting the Chinese meme coin craze on the BNB Chain. As the first Chinese-language token to be listed on Binance’s contract market, it became a cultural and trading phenomenon during the height of BNB Meme Season. The token’s market cap skyrocketed to nearly $500 million, marking an astonishing 269,000% gain in its first month, before stabilizing around $280 million. As of now, Binance Life trades at $0.2452 (≈₹21.49) with a 24-hour volume of 4.12 million tokens and a daily turnover of about $1.04 million, underscoring its sustained liquidity and community-driven appeal despite recent pullbacks.
6. Official Trump (TRUMP)
The Official Trump (TRUMP) token, a politically themed memecoin tied to Donald Trump’s persona, climbed 2.71% in 24 hours to $5.91, bringing its market capitalization to $1.18 billion and its FDV to $5.91 billion. Daily trading volume reached $240.37 million, up 19% from the previous day, signaling renewed retail speculation following Trump’s pardon of CZ. With 199.99 million tokens in circulation out of a 1 billion total supply and over 629,000 holders, TRUMP continues to serve as a barometer for sentiment around the former president’s political and crypto narratives. The token’s liquidity ratio, 20.3% volume-to-market cap, shows active turnover compared to other memecoins, underscoring its responsiveness to Trump-related policy headlines.
Read more: What Is Official Trump ($TRUMP)?
7. OKB (OKB)
OKB is the native token of OKX, one of the world’s largest centralized exchanges by liquidity and volume, trading at $163.77 with a 24-hour volume of $64.42 million and a market cap of $3.43 billion. With a fixed supply of 21 million tokens, OKB is used for trading-fee discounts, governance rights, and access to OKX products. The recent pardon of Binance founder CZ by U.S. President Trump was seen by markets as a pro-CEX signal, potentially improving sentiment toward exchange tokens like OKB. As investors anticipate a more accommodating regulatory environment, OKB could benefit from renewed confidence and capital rotation into large, compliant trading platforms, though any sustained upside will still depend on OKX’s growth, token utility, and broader policy clarity.
8. CZ's Dog (BROCCOLI)
BROCCOLI, a meme token inspired by CZ’s pet dog, gained 6.1% in 24 hours to trade near $0.02503, with daily volume up 2.8% to $12.23 million and a market capitalization of $24.31 million. The token’s FDV stands at $25.03 million, backed by a nearly complete circulating supply of 971 million out of 1 billion tokens held by about 45,500 addresses. As part of the broader BNB Chain meme rotation, BROCCOLI’s 50% volume-to-market cap ratio highlights strong intraday liquidity but also elevated volatility, with order books showing rapid price reactions to Binance- or CZ-related headlines.
8. PancakeSwap (CAKE)
PancakeSwap (CAKE) is the leading decentralized exchange (DEX) on the BNB Chain, enabling users to swap tokens, stake assets, and earn yields without intermediaries. Trading at $2.72 with a market cap of $930.8 million and 24-hour volume of $236.3 million, CAKE remains one of DeFi’s most active assets, supported by a TVL of $2.68 billion and 342 million tokens in circulation out of a 450 million max supply. The platform offers products such as yield farming, staking pools, IFO launches, prediction markets, and cross-chain bridges, while its CAKE Tokenomics v2.5 model introduced “Ultrasound CAKE,” a deflationary system where over 102% of minted tokens are burned weekly. Despite market volatility, PancakeSwap continues to generate around $27 million in annualized revenue, with 42% of CAKE staked, underscoring its strong liquidity base and expanding DeFi ecosystem.
9. BUILDon (B)
BUILDon (B) is an AI-driven investment and infrastructure platform on the BNB Smart Chain, combining meme culture with machine learning and on-chain analytics. Trading at $0.1683 with a market cap of $168 million and 24-hour volume of $12.4 million, B has a circulating supply of 1 billion tokens and has become a fast-rising player in the BNB ecosystem. Initially born as a community meme project, BUILDon evolved into a full-chain intelligent investment suite using A2A (Agent-to-Agent) architecture to automate research, portfolio insights, and strategy execution. It also integrates with BNB ecosystem giants like World Liberty Financial (WLFI) and Aster, reflecting growing institutional ties. As the first meme token to launch a USD1 trading pair and reach major CEX listings, BUILDon now represents the “meme-to-machine” transition, bridging decentralized community energy with real AI-powered financial tooling.
10. Test (TST)
Test (TST) began as a simple demo token created by BNB Chain for a video tutorial on how to launch meme tokens using the Four.meme platform, but quickly evolved into one of the most viral community-driven tokens on the network. Trading at $0.02022 with a market cap of $19.1 million and 24-hour trading volume of $12.4 million, TST has a 944 million circulating supply and over 44,000 holders. After the original tutorial was deleted and later reposted by CZ himself, the token gained cult status, symbolizing BNB Chain’s grassroots meme culture. Today, TST is listed on multiple CEXs, boasts high liquidity, and has become a movement under the slogan “Make BSC Great Again”, blending humor, decentralization, and community-led trading energy.
Drivers Behind the Rally of Trump-Linked and CZ-Related Tokens
The CZ pardon acted as a sentiment shockwave, instantly reviving appetite for risk-on assets tied to Binance, Trump, and BNB’s cultural ecosystem. While it didn’t erase past fines or legal oversight, the gesture was interpreted as a policy green light, a signal that regulatory pressure on centralized exchanges might ease under a friendlier U.S. administration. In such environments, speculative capital moves fastest toward CEX-linked tokens, memes, and high-beta altcoins, which serve as the first beneficiaries of renewed optimism.
The media amplification loop magnified the rally. Nonstop headlines across leading crypto and business publications turned CZ and Trump into trending topics, triggering retail FOMO and algorithmic flows into story-linked tokens like BNB, WLFI, and ASTER. As liquidity rotated into these names, traders began eyeing secondary beneficiaries, exchange tokens, U.S.-compliant stablecoins, AI crypto projects, and RWA projects, that could outperform next if the pro-crypto policy narrative endures.
How to Trade CZ Tokens on BingX Using AI Insights
You can use BingX AI to analyze live market trends, identify volatility spikes, and generate smart trading setups for tokens like BNB, ASTER, WLFI, and TRUMP, all directly within the BingX interface. Here’s how to navigate both Spot and Futures markets efficiently while managing risk in fast-moving, news-driven conditions.
Trading on the BingX Spot Market
TRUMP/USDT trading pair on the spot market powered by AI Bingo insights
Search for each token’s USDT trading pair, for example, BNB/USDT, ASTER/USDT or WLFI/USDT, in the Spot Market tab.
1. Choose Market Order for instant execution at current prices, or Limit Order to specify your entry level.
2. Use BingX AI to visualize support and resistance levels, identify momentum zones, and get a quick risk-to-reward estimate before placing trades.
3. Once filled, tokens appear in your Spot balance, ready for holding, staking, or withdrawal to an external wallet.
Trading on the BingX Futures Market
ASTER/USDT perpetual contract on BingX futures market powered by BingX AI
For listed pairs, the BingX Futures Market allows you to go long (buy) if you expect prices to rise, or go short (sell) to profit from a decline.
1. Set your leverage level based on risk tolerance, typically lower (2–3x) during volatile periods like post-pardon rallies.
2. Always enable Stop-Loss and Take-Profit triggers to manage downside risk.
3. Activate BingX AI Assist on the chart to monitor real-time funding rates, open interest changes, and volatility alerts, helping you react quickly to market reversals.
Tip: Use smaller position sizes when trading newly volatile tokens. BingX AI can help you backtest entry points and estimate optimal order timing across both Spot and Futures markets.
Final Thoughts
Trump’s pardon of CZ injected short-term optimism into a market that thrives on narrative and momentum. The surge across BNB-linked, Trump-themed, and AI-driven tokens shows how quickly sentiment can turn when regulatory pressure appears to ease. Yet, while policy signals can spark rallies, they don’t change fundamentals overnight—liquidity, regulation, and execution still determine long-term value.
Traders should remain disciplined amid volatility. Focus on liquid pairs, sound position sizing, and risk controls, especially when speculating on meme or event-driven tokens. BingX AI can help you navigate these fast-moving markets by identifying real-time support, resistance, and volatility patterns; but remember: every catalyst fades, and only strong fundamentals sustain gains.