Binance has announced a temporary halt on Terra (LUNA) network token deposits and withdrawals, effective March 31, 2025, at 21:40 (UTC+8). This measure is aimed at facilitating a critical network upgrade and a hard fork designed to enhance user experience. During this period, users will be unable to process transactions involving LUNA tokens to ensure a smooth transition. The hard fork will commence at block height 14,958,500, projected to occur at 22:40 on the same day (UTC+8).
This upgrade is part of Binance’s ongoing commitment to improve the functionality and reliability of its platform. Traders and investors are advised to plan accordingly and withdraw or deposit LUNA tokens before the suspension takes effect. Monitoring these developments is essential for those invested in the cryptocurrency market, as such upgrades can have significant implications for token performance and market dynamics.