Binance suspend RUNE deposits and withdrawals because dem dey upgrade THORChain
Binance go pause THORChain (RUNE) deposit and withdrawal small time from 22 January 2025 for 20:00 UTC to support one scheduled THORChain protocol upgrade. Spot trading for RUNE go still dey active during the maintenance. Binance talk say the pause — normally 2–8 hours but e depend on network stability checks — na to upgrade nodes and make sure funds no loss or jam during the chain transition. The upgrade suppose happen automatically once the target block height reach; deposits and withdrawals go resume only after Binance confirm say the network stable. Users make dem finish any pending deposits or withdrawals before the deadline, check transaction history, and follow Binance official channels for the resume notice. The upgrade na part of THORChain roadmap to improve cross-chain liquidity, security and interoperability. Normally exchanges dey pause for chain upgrades, but e fit cause short-term volatility for RUNE market, so traders suppose prepare for possible price swings and liquidity changes during and after the maintenance window.
Neutral
Di announcement na na, na wan maintenance wey dem go do, no be say protocol don spoil or security wahala, so long-term fundamentals for RUNE never change. For short-term, price fit move: when dem freeze deposits/withdrawals e go reduce liquidity and fit cause volatility or wider spreads during the maintenance window and just after everything resume. Because spot trading still dey active, e go prevent heavy sell pressure, so downside risk softer than if dem stop all trading. Past experience show sey these kind pauses normally give small price swings wey calm down once normal deposit/withdrawal flow resume. So expected market effect na neutral overall — higher short-term volatility but no long-lasting bullish or bearish trend just from this announcement.