Binance Pauses LUNC Deposits & Withdrawals Dec 18 for Terra Classic Upgrade
Binance will temporarily suspend deposits and withdrawals for Terra Classic (LUNC) starting at 14:10 UTC on December 18 to support a planned network upgrade. The halt is a precautionary, standard operational step to protect user funds and prevent transaction errors while blockchain rules change. Spot trading on Binance will remain available, so users can buy, sell and trade LUNC during the pause; balances held on the exchange remain secure. No exact end time is provided — services will resume after Binance validates the upgrade and posts an official announcement. Traders and custodians should complete any external transfers before the 14:10 UTC cutoff and avoid panic selling. Monitor Binance and Terra Classic official channels for the resumption notice. Primary keywords: Binance LUNC suspension, Terra Classic upgrade. Secondary/semantic keywords: LUNC deposits, LUNC withdrawals, network upgrade, exchange maintenance.
Neutral
The announcement is operational and precautionary rather than signaling protocol risk or economic changes to Terra Classic. Short-term effects could include temporary liquidity constraints for off-exchange transfers and minor volatility as some traders adjust positions ahead of the cutoff. However, spot trading remains enabled on Binance and on-chain rules change is routine; therefore the event is unlikely to cause a sustained directional move in LUNC price. Resumption timing uncertainty could produce brief price swings, but the overall impact is neutral unless the upgrade fails or is followed by unexpected technical issues.