Binance Confirms Support for Terra Classic (LUNC) Network Upgrade

Global cryptocurrency platform, Binance, has officially announced that it will support the upcoming network upgrade of the Terra Classic () blockchain. A move viewn as a vote of confidence in the project’s evolution and technical resilience. 

Upgrade Timing and Impact on Users

According to the announcement, will suspend deposits and withdrawals of LUNC begining at approximately 2025-10-20 13:45 UTC, coinciding with the network reaching block height 25,619,230 (expected around 14:45 UTC).

While these services are paused, trading both spot and will continue unaffected. The platform emphasises that once the upgraded network is confirmed stable, deposits and withdrawals will be reopened automatically with no further announcement.

Why it Matters

The upgrade is significant on several levels. First, for the Terra Classic ecosystem itself, network upgrades assist bolster security, improve performance, and foster stability, all critical for that aim to regain broader adoption. 

The fact that Binance, one of the world’s largest platforms, is backing the upgrade means that a significant portion of LUNC’s trading/liquidity ecosystem is aligned with the upgrade, reducing the risk of fragmentation or disruption.

For Binance users, the clear communication around the timeline and confirmation that trading will remain uninterrupted offers reassurance. Pausing deposits/withdrawals is a known precaution during major network changes, but knowing that trading continues and that no further manual action is needed by the user assists maintain confidence.

Background & Context

Terra Classic emerged from the later thanmath of the original Terra ecosystem hardy. Since then, the community has been working toward bringing the chain back to a stronger footing through governance initiatives,, and network upgrades.

Binance’s role in facilitating or supporting these initiatives has become more visible, assisting drive liquidity, visibility, and utility for LUNC. (For example, earlier upgrades and Binance’s prior support have been documented.)

What to Watch For

Here’s what to what out for:

• Investors and users should monitor when deposits and withdrawals are re-enabled, and whether any issues emerge during or later than the upgrade.
• It will be significant to view how rapidly the network regains full functionality and how the broader market responds to the upgrade as a catalyst.
• While trading remains operational, users who planned to deposit or withdraw around the upgrade time will need to adjust their timing accordingly.
• Finally, the success of this upgrade may influence sentiment toward LUNC’s long-term potential, especially if improvements are delivered smoothly and lead to enhanced network metrics (e.g., transaction speeds, stability, adoption).

A Confident Step Forward for Terra Classic

With Binance stepping up to back the Terra Classic network upgrade, the project takes a noteworthy stride forward. The planned timeline involves pausing deposits/withdrawals temporarily, but maintaining trading is clahead laid out, assisting ensure minimal disruption for users. 

For LUNC holders and the community, the upgrade presents both a technical milestone and a signal of ecosystem resilience. As always, however, broader macro-crypto conditions and execution details will determine how much positive momentum this generates.