BNB, the native token of Binance Smart Chain, has enjoyed impressive gains earlier in 2025, quickly rising from lows of $250 to highs of $650.
Key price rallies in February and March were fueled by Binance’s strategic selloff of major assets like Bitcoin, Ether, and Solana—while notably retaining its BNB holdings. This move signaled deep confidence in BNB, prompting traders to follow suit and drive its price above the $650 mark.
March saw further momentum amid speculative buzz about a potential collaboration between Binance and Donald Trump. As BNB broke resistance levels, the price surged again, with projections pushing as high as $875.
However, as the Trump rumors cooled, so did market enthusiasm. Over the past six weeks, BNB’s social dominance has steadily declined, and trader sentiment has leveled out into neutral territory.
This aligns with the cooling interest in stablecoin projects. After Trump’s announcement of a partnership with CZ for the USD1 stablecoin project, there has been a shift in the narrative.
While speculation ran rampant, with some traders anticipating a joint venture between Trump and CZ to create a new stablecoin, the official statement confirmed Trump’s involvement in an "economic project" with CZ, focused on a USD1 stablecoin.
The project will be powered by Binance Chain and is expected to launch in 2024. Trump’s role will be in advising on the project and assisting with its launch.
The stablecoin project is designed to provide a stable and efficient payment system, aiming to reduce dependence on the U.S. dollar and introduce a new global currency.
This partnership marks a significant step in the cryptocurrency industry, combining Trump’s political and economic experience with CZ’s expertise in blockchain technology.
As the project progresses, it will be interesting to observe how this collaboration unfolds and the impact it has on the cryptocurrency market.
