Donald Trump has officially granted a presidential pardon to Changpeng Zhao (CZ), the former CEO of Binance, wiping away his criminal charges related to the Bank Secrecy Act. The news sparked a wave of optimism across the Binance ecosystem, leading to strong accumulation in several altcoins.
Which altcoins are seeing this surge, and how might it affect their prices?
Sponsored1. WLFI – Number of Holders Surges After the News
The pardon acts as a political endorsement of crypto, particularly benefiting projects linked to Trump. WLFI’s USD1 stablecoin is involved in a $2 billion Abu Dhabi–Binance deal, creating revenue streams tied to Binance’s growth.
Critics warn that such political ties could blur the line between finance and politics. Still, markets reacted positively. WLFI’s price jumped nearly 14% within 24 hours, while daily trading volume exceeded $300 million — double its previous average.
The simultaneous rise in price and volume signals renewed accumulation. Data also shows that the number of holders began to recover after a month-long decline.
Charts indicate WLFI’s holder count fell from 124,520 to 124,380 over the past week, but the news helped it rebound to 124,450. This small uptick marks an early sign of returning investor confidence after WLFI had dropped nearly 30% since last month.
Sponsored2. Aster (ASTER) – Nearly 10 Million Tokens Withdrawn From Exchanges in 24 Hours
Aster is a perpetual DEX built on the BNB Chain. YZi Labs (formerly Binance Labs) supports the project, and CZ has publicly endorsed Aster on X.
Positive news surrounding CZ has revived bullish sentiment among Aster investors. On-chain data reflects clear accumulation through exchange outflows and price movement.
According to Nansen, ASTER’s price rose by more than 12%, while nearly 10 million ASTER tokens were withdrawn from exchanges. Following the news, many investors appear motivated to hold their ASTER long-term.
Sponsored“Just withdrew 50 ASTER again from my profits to my personal wallet for long-term holdings and will keep doing this until it reaches $5–$10. Is anyone else doing this, or is it just me? I’m extremely bullish on ASTER because of CZ,” investor AltcoinsGuy said.
On October 23, Aster also launched its Rocket Launch campaign, a liquidity initiative combined with a buyback plan. The campaign, coupled with the pardon news, has boosted investor confidence even further.
3. 4 – Whales Accumulate Amid Falling Exchange Balances
4 is a meme token created on the four.meme platform with a market capitalization of roughly $120 million.
The recent “BNB Season” sentiment has driven investors toward small-cap tokens within the Binance ecosystem for higher returns. The positive news about CZ’s pardon has further strengthened confidence among meme investors on four.meme.
SponsoredNansen data shows that the top 100 wallets holding 4 increased their balances by 6.86%, while exchange reserves fell by nearly 8% following the pardon announcement. The token’s price surged more than 30% in the last 24 hours.
Additionally, 4 has appeared on the Binance Alpha listing, raising speculation that it might soon debut on Binance Spot. Current accumulation by holders could represent a strategic position if a listing does occur.
These three altcoins share direct or indirect connections to the Binance ecosystem and CZ. As October’s market remains largely subdued, BNB and its surrounding projects stand out as rare bright spots in the broader crypto landscape.
