Binance founder Changpeng Zhao's upcoming release from prison is generating speculation about its potential positive impact on Binance and its native BNB coin.
Market analysts believe Zhao's release could boost Bitcoin sentiment and lead to further gains for Binance's BNB coin.
Zhao's release follows a four-month prison sentence he served for various violations while leading the cryptocurrency exchange.
News of Zhao's impending release has already contributed to an 8% surge in the BNB token and analysts suggest it could rise another 15% reflecting positive sentiment.