BLUEDIAMONDD

Binance to Pause LUNA Withdrawals : Here’s Why

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

$USTC rose 23% this week, with volume up 1,254% to $19.29M

This sudden activity stands out, considering how quiet the Terra ecosystem has been since its dramatic collapse back in 2022.

🧱 A Quick Refresher
After the 2022 crash caused by the depegging of the algorithmic stablecoin UST the Terra blockchain split into two networks:

The new chain became Terra (LUNA)

The original chain was renamed Terra Classic (LUNC)

UST was rebranded to USTC, or Terra ClassicUSD

The launch of Terra 2.0 in May 2022 marked the project’s attempt to rebuild after one of the most historic collapses in crypto.

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