Here’s a summary of the latest on LUNA2 (sometimes referred to as Terra 2.0 / LUNA) and what is going on with Binance — especially around deposits/withdrawals and “earn”/network-upgrade context.

🔹 What is LUNA2 now & status

LUNA2 — the revived token from Terra's relaunch (after the original collapse) — remains listed by major exchanges including Binance. (Capital.com)

However, its market cap and trading activity have shrunk considerably compared to earlier years: as of November 2025, LUNA2’s market cap was ~ US$61.8 million — down sharply year-on-year. (Capital.com)

Liquidity and trading volume seem modest, and the ecosystem around Terra 2.0 has cooled compared to the initial launch and hype. (Capital.com)

In short: LUNA2 still exists and trades, but participation and volumes remain low — meaning higher volatility and risk.

🔧 What’s happening with Binance & network upgrade

Binance recently announced it will temporarily suspend deposits and withdrawals for LUNA (Terra) tokens starting 8 December 2025, to support a planned Terra network upgrade (block height 18,660,000). (TradingView)

Important: this suspension affects only deposits and withdrawals, not trading — you should still be able to buy/sell LUNA (or LUNA2) on Binance during the maintenance period. (TradingView)

Once the upgrade is completed and the network is stable, Binance will resume deposits/withdrawals. (Bitcoin Sistemi)

If you hold LUNA2 or plan to trade — be aware of this short-term disruption, and avoid locking tokens at the time of upgrade if you expect to need withdrawals.

⚠️ What about “earn” or passive yield on LUNA2

As of recent public announcements from Binance, the “Earn” product push seems to favour other stablecoin- or RWA-backed yield vehicles (e.g. the newly launched RWUSD). (bitcoinnews.ch)

I found no credible recent report indicating that LUNA2 itself is part of Binance Earn (or a yield-earning savings staking program) as of December 2025.

Given LUNA2’s low liquidity and subdued ecosystem activity, even if there were a yield option, it would likely carry high risk — very different from “stablecoin-earn / yield-asset” products.

Therefore: treat LUNA2 as a speculative trading asset, not as a stable “earn-yield / staking / passive income” investment.

🔎 My View — What this means now

LUNA2 remains risky and speculative. Its low market cap, weak ecosystem growth, and recent network-upgrade events mean it’s far from a “safe crypto play.”

If you use Binance: be mindful of deposit/withdrawal suspension on 8 Dec — that may affect when you can move in/out of your holdings.

If you are expecting “earnings” or yield: probably aim for stablecoins or other stable assets; LUNA2 doesn’t look like a yield-bearing token at the moment.

If you hold LUNA2, consider if you are OK with high volatility and uncertain long-term prospects; treat it as “high-risk, high-volatility.”

If you like — I can pull up a chart of LUNA2’s price + volume + market cap over the last 12 months (in USD). That helps visualise decline and volatility vs. stablecoins/major cryptos.

Capital.com