LUNA +63.11% 24H as Binance Pauses Services for Network Upgrade

On DEC 5 2025, LUNA rose by 63.11% within 24 hours to reach $0.1168, LUNA rose by 67.17% within 7 days, rose by 67.17% within 1 month, and dropped by 70.89% within 1 year.

Binance to Temporarily Halt LUNA Transactions for Network Upgrade

Binance has announced the temporary suspension of deposit and withdrawal services for Terra (LUNA) tokens starting at 20:05 UTC+8 on December 8, 2025. This move is in support of the Terra network’s scheduled upgrade, which is expected to occur at block height 18,660,000 around 21:05 UTC+8 on the same day. The exchange emphasized the need for this maintenance to ensure the security and stability of the platform during the transition.

Users are advised to monitor Binance’s official channels for real-time updates and confirmation after the upgrade is completed. The temporary suspension will impact both deposit and withdrawal functions, and no trades or balances will be affected during the maintenance period.

Terra Project Team Finalizes Upgrade Timeline

The Terra project team has confirmed the timeline for the network upgrade, with a target block height of 18,660,000. This upgrade is part of the broader development roadmap aimed at improving the Terra network’s performance and scalability. The team has not disclosed specific technical improvements in the announcement, but such upgrades typically involve optimizations to consensus mechanisms, smart contract execution, and transaction throughput.

Given the scale of Terra’s ecosystem, any network upgrade requires careful coordination with exchange partners to minimize disruption. The decision to pause services reflects the importance of ensuring a smooth transition for users and developers alike.

Legal and Regulatory Developments

Separately, Terra founder Do Kwon is set to be sentenced on December 11 for his role in the 2022 collapse of the Terra and Luna tokens, which caused over $40 billion in losses. U.S. prosecutors have filed a request for a 12-year prison term, citing the scale of the fraud and the need to set a deterrent precedent in the crypto industry. Kwon has pleaded guilty to wire fraud and conspiracy to defraud and is currently facing legal proceedings in both the U.S. and South Korea.

The legal developments surrounding Kwon have not directly impacted the price of LUNA, but market participants are closely watching the outcome of the sentencing, as it may influence broader sentiment toward Terra-related assets and projects.

Adverum Biotechnologies Reports Positive Trial Outcomes

In unrelated news, Adverum Biotechnologies announced two-year follow-up data from its LUNA Phase 2 trial for Ixo-vec in wet AMD patients. The data showed a 90% reduction in anti-VEGF injections over two years and sustained anatomic control and visual acuity across dose groups. The Phase 3 ARTEMIS trial is expected to reach full enrollment by December 5, 2025. These results have no direct bearing on the cryptocurrency LUNA but have been cited in some media under the same acronym.

Market Outlook

LUNA’s performance reflects a mix of speculative interest and market anticipation around the upcoming network upgrade. With the Terra ecosystem undergoing significant development efforts, the upgrade could potentially enhance the utility and performance of the LUNA token, which in turn may attract renewed institutional and retail attention.

However, market participants should remain cautious. The broader crypto market continues to recover from years of volatility, and while Terra’s upgrade could be a positive catalyst, it is not a guarantee of sustained growth. Investors are encouraged to evaluate their risk tolerance and consult reliable sources for updates on the progress of the network upgrade and any related developments.