🚨 *LUNA Withdrawals & Deposits to Be Frozen Temporarily for Network Upgrade!* 🛠️🌕
Binance just announced it will *suspend all Terra (LUNA) network deposits and withdrawals* starting *July 7th, 2025 at 17:06 UTC*. This is to support a *major network upgrade* set to occur around *block height 16,395,000 (approx. 18:06 UTC)*.
🔍 What You Need to Know:
- *Only deposits & withdrawals are paused* — LUNA trading will continue as normal on Binance 📊
- Binance will handle *all technical upgrades*, so users don’t need to do anything manually
- Services will resume *automatically* once the network is stable (no further announcements expected)
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🔮 Market Impact & Price Outlook:
LUNA upgrades often bring *speculative price movements*, but short-term volatility is likely.
*Current LUNA price*: $0.00005 (as of July 7)
*Predictions*:
- If the upgrade improves scalability and stability, sentiment may turn bullish 📈
- But if uncertainty or bugs arise, expect a dip or sideways action 📉
🧠 Strategy:
- *Short-term holders*: Monitor for price spikes or FOMO post-upgrade
- *Long-term investors*: Look at fundamentals. Does this upgrade help Terra regain credibility?
- *Caution*: Avoid depositing/withdrawing near the freeze window to prevent delays ❗