Bithumb Suspends BERA Deposits & Withdrawals on Aug 27
Bithumb has announced a temporary Bithumb BERA suspension for deposits and withdrawals of the BERA token beginning at 09:00 UTC on August 27. The suspension supports a major Berachain upgrade aimed at improving network performance, security, and functionality. Users are advised to complete all BERA deposits and withdrawals on the exchange before the deadline to avoid transaction failures or potential fund losses. Service will resume once the Berachain upgrade is successfully implemented and the network is stable. Traders should monitor official Bithumb and Berachain channels for updates on the suspension lift and prepare accordingly.
Neutral
The impact of the Bithumb BERA suspension is neutral. Exchange suspensions for network upgrades are routine in the crypto space and primarily serve to protect user funds and ensure system stability. Although the halting of BERA deposits and withdrawals may temporarily restrict liquidity and trading volume, it does not alter the fundamental value or long-term prospects of the BERA token or the Berachain network. Historical precedents, such as Ethereum hard fork maintenance or Solana upgrades, show that once services resume, market activity quickly normalizes. Therefore, traders should view this suspension as a short-term operational measure rather than a market driver.