Binance to Pause LUNA Withdrawals: Here’s Why
Temporary Halt on Terra Network
Binance has announced that it will temporarily halt deposits and withdrawals for all tokens on the Terra (LUNA) network on Dec. 8, 2025. This pause is being implemented to support the upcoming network upgrade, scheduled to go live at block height 18,660,000, which is expected to occur around 1:05 p.m. UTC on Dec. 8.
According to Binance, this step is necessary to ensure everything transitions smoothly and users get the best possible experience once the upgrade is complete.
➡️ Important:
Trading for LUNA tokens will continue as normal.
Deposits and withdrawals will reopen after Binance confirms the new chain is stable without the need for an additional announcement.
What’s Changing on Terra?
The Terra chain will be updating to version v2.18 on Dec. 8. This new release includes several important improvements focused on security and network stability.
One major piece of the upgrade is the burning of ASTRO tokens, which will help rebalance IBC transfers following issues linked to the previous IBC exploit.
Why Is $LUNA Pumping?
While most of the crypto market slid into the red—leading to over $298M in liquidations—Terra (LUNA) went in the opposite direction.
LUNA jumped 23.15% in the last 24 hours, trading at $0.08724.
$LUNC surged 50.11% to $0.00004183.
LUNC’s volume exploded 948% to $117.24M.
#LUNA #USDTfree #BinanceBlockchainWeek
