BNB's price warmed up nicely on Monday to Changpeng Zhao (CZ) beginning his jail term as it's looking toward setting a new all-time high.
Binance's CZ reports to US federal prison on Monday as he begins his four-month jail term. BNB price increases by 5% as the news causes a bullish sentiment among investors. BNB could begin run to a new all-time high if it overcomes key resistance. BNB's price warmed up nicely on Monday to Changpeng Zhao beginning his jail term as it's looking toward setting a new all-time high. A new all-time high may be on the horizon if BNB breaks past key resistance.
Read more:Binance CEO CZ sentenced to four months in prison, BNB price slightly recovers Although CZ stepped down from his role as Binance's CEO following the federal charges against him, he's still the largest shareholder in the company, with over a 90% stake. According to Bloomberg data, CZ's net worth is $36.5 billion at the time of writing, making him the richest person to serve jail time in recent US history.
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