Binance to Suspend LUNC Deposits Withdrawals for Network Upgrade

Binance has announced it will temporarily halt deposit and withdrawal services for Terra Luna Classic (LUNC) on August 15, 2025, at 22:30 GMT+8, to facilitate a major network upgrade [1]. The upgrade is scheduled to occur at block height 24,660,000, estimated to coincide with August 15, 2025, at 23:30 GMT+8. This marks a key moment in the evolution of LUNC, which was part of the Terra ecosystem before its collapse. The decision highlights Binance’s ongoing support for blockchain projects that prioritize innovation and community-driven development.

The upgrade is seen as an important step toward stabilizing the LUNC network and encouraging broader adoption. Binance's support has already contributed to growing interest in the token, particularly with the platform enabling card-based transactions for LUNC, making it more accessible to a wider audience [2]. This increased accessibility is expected to further integrate LUNC into the mainstream cryptocurrency conversation.

Analysts have pointed to the significance of this network upgrade in the broader context of community-driven initiatives, such as token burns, which aim to reduce the circulating supply and increase scarcity [3]. These efforts reflect a broader trend among LUNC supporters to revitalize the token and restore confidence in its utility and value. However, any price forecasts for LUNC should be treated with caution, as they represent algorithmic predictions rather than confirmed market outcomes [4].

Binance's involvement in supporting LUNC's network upgrade is consistent with the platform’s strategy to provide a diverse range of blockchain assets to its global user base. This move signals the platform’s recognition of the potential in community-led projects and its commitment to supporting long-term development in the crypto space [5].

The temporary suspension of deposits and withdrawals underscores the coordination between Binance and the LUNC project team to ensure a smooth and secure transition during the upgrade. Such actions reflect the collaborative nature of blockchain development and the importance of infrastructure support from major exchanges in enabling successful network transitions.

Binance’s decision reinforces the ongoing narrative of recovery and innovation in the Terra ecosystem and highlights the role of key market players in shaping the trajectory of blockchain projects. As the upgrade proceeds, the broader crypto community will be watching closely to see how LUNC evolves in the post-upgrade landscape.

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Source:

[1] BlockBeats News (https://www.theblockbeats.info/en/flash/307157)

[2] Terra Classic - LUNC to USD Live Price, Market Cap & Chart (https://www.binance.com/en-NZ/price/terra-luna)

[3] Latest tokenburn News, Opinions and Feed Today (https://www.binance.com/en/square/hashtag/tokenburn)

[4] Terra classic (LUNC) Price Prediction 2025–2055 (http://droomdroom.com/price/prediction/terra-classic-lunc)

[5] DailyCoin - Today's Crypto News for Bitcoin, Ethereum ... (https://dailycoin.com/)