Update $LUNC - System upgrade in progress, no need to panic
Binance has temporarily suspended LUNC deposits and withdrawals starting from December 18, at 2:10 PM UTC. This is not a red flag - it's a standard procedure for the planned system upgrade.
What’s happening?
• Think of it as "road maintenance" for the network - transfers are temporarily halted to protect funds and ensure a smooth upgrade
• Trading is still live; funds are safe
• Once the upgrade is verified, deposits and withdrawals will be automatically reopened
Why is this positive?
• Enhanced security and reliability
• Faster transactions and potential backend improvements
• Prepares the network for long-term stability, integration, and broader adoption
In summary:
This is a controlled temporary halt, not a shutdown. Short-term inconvenience, long-term gain. Plan for the future, stay informed, and the network comes out stronger.
