🔴 Exclusive news | Binance supports an important upgrade for the Terra Classic (LUNC) network
In a move that confirms its continued interest in blockchain projects with active communities, Binance - the largest cryptocurrency exchange in the world - announced its official support for an important upgrade on the Terra Classic (LUNC) network in the coming days.
📌 Announcement details
According to Binance's statement, deposits and withdrawals for LUNC on the Terra Classic network will be temporarily suspended during the upgrade implementation when the network reaches a specified block height.
The platform confirmed that this action is purely technical and aims to ensure a smooth update and protect users' assets.
🔹 Trading will continue normally without any interruptions
🔹 Deposits and withdrawals will automatically resume once network stability is confirmed
🔹 Users are not required to take any additional action
⚙️ What is the importance of this upgrade?
This upgrade is part of the efforts of Terra Classic developers to improve:
Network performance
Overall stability
Compatibility with future updates
Support for the project's long-term infrastructure
Binance's support for this update reflects a level of technical confidence in the network, especially as the community continues to work on developing LUNC after the historical challenges the project has faced.
📊 Potential impact on LUNC
These steps are generally interpreted as positive in the medium term, as:
Reduces technical risks
Boosts investor confidence
Keeps the coin supported by major platforms
As community activity and burn programs continue, traders are monitoring this event as a factor that could trigger noticeable price movements if the upgrade succeeds without issues.
🧠 Summary
Binance's support for the Terra Classic upgrade is a strong indication that LUNC is still a technically active project and is receiving attention from major platforms, keeping it in the spotlight during the upcoming period.
