Donald Trump has officially pardoned Changpeng Zhao (CZ), the former CEO of Binance, clearing him of criminal charges related to the Bank Secrecy Act. This news has created a wave of optimism in the Binance ecosystem, leading to strong accumulation in several altcoins.
Which altcoins are seeing this growth and how might that affect their prices?
1. WLFI – Number of holders spikes after news
The pardon is XEM as a political endorsement of cryptocurrencies, especially Trump-related projects. WLFI's USD1 stablecoin is part of a $2 billion deal between Abu Dhabi and Binance , creating revenue streams tied to Binance's growth.
Critics warn that such political ties could blur the line between finance and politics. But markets have responded positively. WLFI’s price has risen nearly 14% in 24 hours, while daily volumehas surpassed $300 million—double its previous Medium .
The simultaneous increase in price and volume indicates new accumulation. The data also shows that the number of holders is starting to recover after a month of decline.
World Liberty Financial Holders. Source: CoinMarketCapThe chart shows that the number of WLFI holders fell from 124,520 to 124,380 over the past week, but the news helped it recover to 124,450. This slight increase marks an early sign of renewed investor confidence after WLFI fell nearly 30% since last month.
2. Aster (ASTER) – Nearly 10 million Token withdrawn from the exchange in 24 hours
Aster is a perpetual DEX built on BNB Chain. YZi Labs (formerly Binance Labs) supports this project, and CZ has publicly endorsed Aster on X.
The positive news surrounding CZ has sparked optimism among Aster investors. on-chain data reflects clear accumulation through exchange outflows and price movements.
ASTER Exchange Reserve. Source: NansenAccording to Nansen, the price of ASTER has increased by more than 12%, while nearly 10 million ASTER Token have been withdrawn from exchanges. Following the news, many investors seem to be motivated to hold ASTER for the long term.
“Just withdrew 50 ASTER from profits to personal wallet for long term holding and will continue to do this until it reaches 5–10 USD. Is anyone else doing this, or is it just me? I am extremely bullish on ASTER because of CZ,” said investor AltcoinsGuy.
On October 23, 2023, Aster also launched its Rocket Launch campaign, a liquidation initiative combined with a buyback plan. This campaign, along with the amnesty news, further boosted investor confidence.
3. 4 – Whales Accumulate Amidst Declining Exchange Balances
4 is a meme Token created on the four.meme platform with a market Capital of around $120 million.
The recent “BNB Season” sentiment has pushed investors towards small- Capital Token in the Binance ecosystem in search of higher returns. The positive news of CZ’s amnesty has further boosted the confidence of meme investors on four. meme.
Data from Nansen shows that the top 100 wallets holding 4 increased their balances by 6.86%, while exchange reserves fell by nearly 8% following the amnesty announcement. The Token 's price has increased by more than 30% in the past 24 hours.
4 Exchange Reserve. Source: NansenAdditionally, 4 has appeared on the Binance Alpha listing, fueling speculation that it could soon launch on Binance Spot. The current accumulation by investors could represent a strategic position if the listing goes through.
These three altcoins have direct or indirect connections to the Binance ecosystem and CZ. As the October market remains largely quiet, BNB and the projects surrounding it stand out as rare bright spots in the broader crypto landscape.
