Original｜Odaily Planet Daily (@OdailyChina)
Last night, the matter of Binance founder CZ finally receiving a presidential pardon from Trump was settled (_Recommended reading: _“Trump pardons Binance founder CZ: 13 months, from prison disaster to complete freedom”), and the crypto market reacted.
As the news gradually spread, its impact expanded from Binance-related assets like BNB to the Meme coin sector, BNB treasury listed companies, and even Trump family crypto projects like WLFI. Through this event, we can also see that the current crypto market's information transmission effect is still in a ripple-like diffusion state. Odaily Planet Daily will analyze the impact targets of CZ's pardon using "ripple thinking" for readers' reference.
Event Origin: CZ Finally Receives Presidential Pardon, Binance-Related Assets Surge
In a previous article titled “The Era of Crypto Chaos Begins, Here Are 13 Reference Suggestions”, we detailed the concept of "ripple thinking."
Viewing an event as an inducing factor, it will spread like a stone thrown into water, affecting gradually expanding ripples, and the corresponding individuals/assets/markets/tokens/projects/ecosystems will be influenced by these ripples. The previous case of Hyperliquid facing a decentralized trust crisis due to the JELLYJELLY short-selling incident is a very intuitive example. Achieving this requires crypto players to develop good thinking habits and information sensitivity. I personally suggest drawing layered diagrams, which are very helpful for enhancing ripple thinking.
The origin of this event is undoubtedly CZ receiving a presidential pardon from Trump. Moreover, Trump also stated: “Although I do not know CZ, I believe he is innocent and is mainly a victim of persecution by the Biden administration.” (Note from Odaily Planet Daily: The presidential pardon power is significant, generally restoring civil rights and reversing or eliminating legal barriers caused by past criminal convictions, such as firearm rights, professional licenses, etc.)
CZ's response was also somewhat reciprocative, as he stated _: “I am deeply grateful for the pardon received today and for President Trump’s commitment to fairness, innovation, and justice in America. I will do everything possible to help America become the capital of cryptocurrency and promote the development of Web3 globally.”
To some extent, Trump's pardon of CZ is a move to uphold his established "crypto-friendly regulation" route, also sending a positive political signal to the U.S. crypto market.
Thus, the ripple effects of the event spread layer by layer.
Ripple Layer One: Short-Term Surge of Binance-Related Assets
The most direct beneficiaries of CZ's pardon are Binance-related assets.
Market data shows that BNB briefly surged from around $1076 to about $1161, with an increase of nearly 8%; as of the time of writing, the BNB price has retreated to around $1126, but the 24-hour increase remains around 15%.
Additionally, the project token ASTER of the on-chain Perp DEX Aster, which CZ previously promoted, also experienced a brief rise, recovering from below $1 to above $1.1, peaking at around $1.48; as of the time of writing, the ASTER price has retreated to around $1.12, with a 24-hour increase of about 10%.
This is the first layer of impact from the hot event, namely the targets directly related to key individuals, including but not limited to their projects, recently favored tokens, or related projects they support.
Ripple Layer Two: Meme Coins on Binance Platform
Furthermore, due to CZ's recent attention and promotion of Meme coins on the Binance platform and BNB Chain, related targets also experienced a short-term rise influenced by this news.
Binance Life rose from $0.23 to nearly $0.28, now retreating to around $0.24;
4 rose from $0.07 to about $0.15, now retreating to around $0.12, with a 24-hour increase still exceeding 34%.
As speculative hotspots, Meme coins often experience more severe fluctuations due to their relatively small market capitalization, making them more suitable for short-term leveraged operations.
Ripple Layer Three: Stocks of BNB Treasury Listed Companies
The third layer of news transmission involves the stocks of BNB treasury-related listed companies.
Affected by the news of "CZ receiving a pardon from Trump," according to msx.com data, the stock price of BNB treasury listed company BNB Network Company (BNC) surged from around $7.2 to $8.5; it has now retreated to $7.84, with a 24-hour increase still above 6.5%;
Additionally, the stock price of BNB treasury listed company Nano Labs (NA) also saw a small rise, increasing from $4.7 to $4.99, currently retreating to $4.8, with a 24-hour increase of about 1.16%.
Moreover, the U.S. listed biotechnology company Applied DNA Sciences (BNBX), which previously planned to raise $58 million through PIPE private placement, and the Hong Kong listed company Hua Xing Capital (1911.HK), which plans to raise a $600 million fund to invest in BNB, also experienced varying degrees of slight increases, resembling a real-life "Fan Jin Zhong Ju."
Ripple Layer Four: Trump Family Crypto Project WLFI and U.S. Listed Company ALT5 Sigma
The impact of this layer is more delayed but still belongs to the direct stakeholders of the hot event.
As a well-known Trump family crypto project, WLFI experienced a tenfold increase in returns during its initial launch but has since declined, even dropping below $0.1 to around $0.07 during the previous "10.11 crash."
However, with the occurrence of the "Trump pardons CZ" event, Trump's crypto-friendly attitude has been further confirmed and recognized by the market, leading to a renewed enthusiasm for WLFI. Around 1 AM today, OKX market data showed that WLFI briefly broke through $0.146, with a 15-minute increase exceeding 15%, currently reported at $0.1439; as of the time of writing, WLFI price has stabilized above $0.14, currently reported at $0.1432, with a 24-hour increase of about 13%.
Additionally, the WLFI treasury listed company ALT5 Sigma also experienced a rare increase following the positive news, after previously facing the "CEO being dismissed by the board" situation. According to msx.com data, ALT5 Sigma Corporation (ALTS) stock price is currently reported at $2.11, with a 24-hour increase of 13.44%.
Conclusion: Market Reactions Vary, but Ripple Transmission is Inevitable
In conclusion, although the ripple effects of hot events vary in timing, with some targets reacting more quickly and others more slowly, this is often influenced by the speed of information dissemination, key transmission nodes, market liquidity, and statements from key individuals. However, logically deducing, ripple-like influence transmission is bound to occur.
For us retail investors in the crypto market, perhaps our first reaction when encountering similar hot events next time should be to let AI help outline the corresponding ripple influence transmission diagram and use it to find our own arbitrage opportunities based on information asymmetry. When facing someone like Trump, who always provides "TACO" (Trump-style retreat) trading opportunities, this may be the best response.
Of course, we also need to be cautious: ensure that we are not at the edge of the last ripple to avoid becoming the final "good news bag holder."
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