Binance Suspends OM & EGLD Deposits for Network Upgrades
Binance has announced a deposits suspension for Mantra (OM) and MultiversX (EGLD) ahead of critical network upgrades. For OM, deposits and withdrawals will be paused at 07:51 UTC on October 27, 2025, coinciding with the MANTRA protocol update at block height 9,664,888. EGLD transfers will halt at 16:00 UTC on October 30, 2025, ahead of the MultiversX upgrade at 01:00 UTC on October 31. Trading for both tokens will remain active on Binance. The network upgrades aim to enhance security, scalability and transaction speed across the Mantra DeFi ecosystem and the enterprise-focused MultiversX platform. Users are advised to complete any OM or EGLD deposits and withdrawals before the suspension windows. This temporary deposits suspension ensures all transactions process safely on the upgraded networks. Deposit and withdrawal services will resume once both networks are fully validated and stable; users should monitor official Binance announcements for the exact resumption time.
Neutral
While deposit and withdrawal suspensions can temporarily reduce liquidity, trading remains active on Binance, limiting disruption. The scheduled network upgrades aim to strengthen protocol security, scalability and transaction throughput, which are positive for long-term network health. Traders are advised to complete transactions before the suspension windows; similar past upgrades on OM and EGLD caused only brief volatility with prices stabilizing thereafter. Overall, the impact is expected to be neutral, with potential minor short-term fluctuations and long-term benefits from improved network performance.