BNB Price Pumps 3% After CZ Proposes Slashing Binance Chain Fees 50%

The BNB price climbed 3% in the last 24 hours to trade at $1,013.17 as of 12.05 a.m. EST on a 9% decrease in daily trading volume to $4.14 billion.

The BNB price climbed 3% in the last 24 hours to trade at $1,013.17 as of 12.05 a.m. EST on a 9% decrease in daily trading volume to $4.14 billion.

This comes after Binance co-founder Changpeng Zhao, aka CZ, suggested a 50% cut in fees on the Binance Chain. Lower transaction fees could attract new projects and users to the Binance ecosystem, helping boost revenues and BNB.

Let's reduce fees by another 50% on #BNB Chain? 🤷‍♂️ https://t.co/dtcf6QcaTD
Let's reduce fees by another 50% on #BNB Chain? 🤷‍♂️ https://t.co/dtcf6QcaTD

— CZ 🔶 BNB (@cz_binance) September 23, 2025
— CZ 🔶 BNB (@cz_binance) September 23, 2025

The BNB Chain also plans to cut its minimum gas fee in half, from 0.1 Gwei to 0.05 Gwei next month, while speeding up block times from 750 ms to 450 ms.

The BNB Chain also plans to cut its minimum gas fee in half, from 0.1 Gwei to 0.05 Gwei next month, while speeding up block times from 750 ms to 450 ms.

The goal is to push average transaction costs down to about $0.001. This follows earlier fee cuts in April 2024 and May 2025, showing a steady push to make the network cheaper.

The goal is to push average transaction costs down to about $0.001. This follows earlier fee cuts in April 2024 and May 2025, showing a steady push to make the network cheaper.

The proposal aims to help BNB Chain compete with low-cost, fast networks like Solana and Base. While the move could attract traders, developers, and high-volume users, it may also reduce validator rewards.

BNB Price Holds Critical Levels After Breakout

BNB Price Holds Critical Levels After Breakout

The BNB price recently touched a high of $1,083.47, pulling back only slightly to $1,013 as of the latest trading session. On the weekly chart, the rally remains strong and the price is above its most important moving averages, the 50-week Simple Moving Average (SMA) at $690.85 and the 200-week SMA at $445.66.

BNBUSDT Analysis Source: Tradingview

These moving averages are important for traders and investors, as they help signal the overall direction of the market. BNB’s price is not only above both lines, but also far ahead. This tells traders that bulls are in control.

During sharp market selloffs, these areas often act as support and provide confidence for people who want to buy the dip.

During sharp market selloffs, these areas often act as support and provide confidence for people who want to buy the dip.

Support 1 is currently sitting above $900, and Support 2 can be found closer to the $800 region. If BNB drops, traders expect support to hold at these areas. The $900 zone was a former resistance but is now a strong area for buyers.

A break below this level could see the price revisit the $800s, but with current strength, this scenario looks less likely for now.

A break below this level could see the price revisit the $800s, but with current strength, this scenario looks less likely for now.

BNB Price Technical Indicators Point To More Upside

BNB Price Technical Indicators Point To More Upside

The RSI (Relative Strength Index) for BNB price is at 71.77, which means the coin is close to overbought levels but still riding its momentum. Sometimes, prices can stay overbought for a long time in bull markets.

This suggests that while a small pullback could happen, continued buying could push the price even higher.

This suggests that while a small pullback could happen, continued buying could push the price even higher.

The MACD (Moving Average Convergence Divergence) remains bullish. The blue MACD line is well above the orange signal line and both are in positive territory, showing that buyers are still in charge. In earlier bull runs, BNB price often moved higher after signals like this.

If bulls keep charging, BNB may attempt to retest its recent high at $1,083. A clean break above this level could open the doors to $1,200 or higher if enough buyers step in.

If bulls keep charging, BNB may attempt to retest its recent high at $1,083. A clean break above this level could open the doors to $1,200 or higher if enough buyers step in.

However, if the market takes a breather or BNB faces a sharp rejection near the highs, a correction to support levels at $900 and $800 is possible. Healthy dips can provide traders with better entry points. As long as BNB stays above the $800 level and maintains higher lows, the uptrend remains in play.

Sentiment on Binance Chain Has Also Improved

Sentiment on Binance Chain Has Also Improved

On-chain activity is rising, and increased user demand for faster, cheaper transactions after the proposed fee cuts could help sustain price growth. Wallet addresses and general transaction activity on the Binance chain have increased significantly, demonstrating active participation and engagement by users.