Binance CZ Is Out Of Prison, BNB Rises Against The Trend

CZ has been transferred to a halfway house
After verification by the Action Zone, it was found that technically, CZ is now or indeed has been released from prison, but is still under the supervision of the US government and cannot move freely. According to Decrypt, CZ appears to have been transferred from FCI Lompoc II, a low-security federal prison in Los Angeles, to the Long Beach RRM (residential reentry management offices), a space designed to prepare prisoners who are about to complete their sentences to reintegrate into society, also known as a “halfway house.”

What is RRM?
RRM, also known as a halfway house or community correction center, is a facility managed by the US Federal Bureau of Prisons (BOP). Its main purpose is to help individuals transition smoothly from incarceration back to the community. These offices provide an organized environment where prisoners can receive support services, including vocational training, drug treatment, and other rehabilitation programs to help them reintegrate into society.

The community is optimistic about BNB’s recovery
At present, the news seems to be very true. After all, CZ is a low-risk prisoner, and there is only one month left before he is actually released from prison. Recently, some communities have begun to ambush him for release from prison.

For example, X netizen @BroLeonAus said that if there is a pullback or a spike in the market in the near future, he will buy the bottom of $BNB, and the medium-term goal is to gain the positive expectations brought by CZ’s release from prison. He said:

I found something very interesting. Not long after $BNB lost the fourth place in market value to $SOL in this rebound, it once again overtook it and climbed to the front with a slight advantage.

If I remember correctly, such a battle for the fourth place has been fought many times. The strength of BNB’s rebound after this wave of plunge also proves the determination of the dealer to maintain its ranking.

Even meme coins such as Freecz have begun to lay out on the chain.

BNB rises against the trend
It is not known whether it was stimulated by this news or driven by the launch of the new coin mining DOGS. According to CoinGecko data, although Bitcoin has fallen slightly in the past 24 hours, BNB has still risen by 3.4% in the past 24 hours, and is now reported at US$585.86; compared with the lowest point of about US$410 on August 5, it has rebounded by more than 40%.