🔹 What happened?Binance temporarily suspended deposits and withdrawals for Terra Classic $LUNC C Update — Why Binance Suspended Deposits & Withdrawals(LUNC). This suspension is not a delisting and trading on the exchange still works normally.
🔹 Why did this happen?
The pause wasn’t because of a hack or Binance losing confidence — it was done to support a major $LUNC network upgrade. When a blockchain gets upgraded, deposits/withdrawals are halted so transactions don’t fail or get stuck while the network transitions.
🔹 Is trading affected?
No — Binance keeps spot and futures LUNC trading live, so you can still buy and sell during the suspension.
🔹 What should holders do?
Just be aware of the pause timing so you don’t try to move tokens during the upgrade — once the network is stable, Binance will automatically reopen deposits/withdrawals.
🔹 Quick takeaway
👉 Deposits/withdrawals suspended = network upgrade support
👉 Trading still on = exchange confidence remains
👉 Suspension ends when upgrade is confirmed stable.
