Bitcoin Exchange Binance Announces It Will Support This Altcoin’s Network Upgrade! Here Are the Details
Binance has announced that it will support the upcoming upgrade to the Terra Classic (LUNC) network. According to the exchange, deposits and withdrawals of tokens on the LUNC network will be temporarily suspended starting at 4:45 PM on October 20, 2025.
Binance to Support Terra Classic (LUNC) Network Upgrade
This step was taken to ensure an uninterrupted user experience and a smooth completion of the upgrade process.
The network upgrade is expected to occur once block height 25,619,230 is reached, approximately 5:45 PM. Binance stated that users will not need to perform any technical actions during the upgrade process; all technical requirements will be handled automatically by the exchange.
The statement also emphasized that token transactions (deposits and withdrawals) on the LUNC network will be temporarily suspended during the period in question, but trading activities in the spot and futures markets will not be affected.
Once the upgrade is complete and the network is confirmed to be stable, deposits and withdrawals will be automatically reactivated. Binance also stated that no additional announcements will be made once the network is stable.
This update aims to improve the performance of the Terra Classic network and strengthen transaction security.
*This is not investment advice.
