Binance Halts LUNC Transfers Ahead of Network Upgrade, Fuels Bullish Momentum

Binance Suspends LUNC Transactions for Network Upgrade

Binance has announced the temporary suspension of deposits and withdrawals for Terra Classic (LUNC) to support an upcoming network upgrade. The exchange will pause these services starting at 22:10 UTC+8 on December 18, 2025 according to official statements. The Terra Classic team plans to implement the upgrade at block height 26,479,000, expected to occur around 23:10 UTC+8 on the same day as reported by Coinotag. The move is part of routine protocol enhancements aimed at improving the blockchain's functionality and security.

The Terra Classic (LUNC) token has seen a recent price surge, trading above $0.000061 as of the time of writing. This increase is attributed to rising net inflows, growing open interest, and optimism surrounding the network upgrade as analysts note. Analysts are monitoring the impact of the upcoming upgrade, which could further bolster the token's performance. The upgrade was tested successfully on a testnet, with a rollback option available in case of mainnet issues.

Technical indicators suggest bullish momentum for LUNC.

On the weekly chart, the token is trading above the 50-week EMA level, with the RSI at 56 and a bullish MACD crossover according to market analysis. On the daily chart, LUNC found support at $0.000047 and has since risen 22%. The RSI is currently at 71, indicating strong upward momentum.

Market Reactions and Technical Outlook

The upcoming Terra Classic network upgrade has sparked renewed interest in LUNC among investors and traders. Rising open interest in LUNC futures has surged from $18.15 million to $25.55 million in just a few days according to market data. This increase signals fresh capital entering the market, potentially fueling further gains. On-chain metrics show multiple inflow spikes, indicating growing confidence in the ecosystem.

Technical analysts are optimistic about LUNC's potential to continue its upward trend. The token is currently inside a falling wedge pattern, with bulls targeting levels above $0.000081. A weekly close above $0.000056 could extend the rally toward $0.000098. Daily chart indicators also support a bullish outlook, with LUNC poised to test key resistance levels in the coming weeks.

Strategic Implications for Binance and the Terra Classic Ecosystem

Binance's decision to pause LUNC transactions highlights the importance of network upgrades in maintaining blockchain functionality. The temporary suspension is designed to ensure seamless synchronization across wallets and validators as explained by the exchange. This move reflects the exchange's commitment to supporting protocol enhancements that strengthen the long-term utility of the Terra Classic blockchain.

The upgrade at block height 26,479,000 is expected to enhance the security, functionality, and reliability of the Terra Classic network according to market analysis. By addressing legacy contract issues and updating dependencies, the Terra Classic team aims to improve the overall performance of the blockchain. The successful test on the rebel-2 testnet further reinforces the upgrade's viability, with a rollback option available if necessary.

Broader Implications for the Cryptocurrency Market

The Terra Classic network upgrade is part of a broader trend of protocol enhancements across the cryptocurrency market. Other major projects, such as Litecoin and Hyperliquid, have also introduced significant upgrades in recent months as reported by Global Newswire. These developments reflect growing institutional interest in blockchain infrastructure and highlight the importance of continuous innovation in the space.

Investors are closely watching how these upgrades affect token performance and liquidity. The temporary suspension of LUNC transactions on Binance could influence short-term market dynamics, particularly if the upgrade leads to improved functionality and security as noted in exchange communications. As the Terra Classic ecosystem continues to evolve, market participants will be keen to assess the long-term impact of these protocol enhancements.