The cryptocurrency world is abuzz with renewed interest in Terra Luna Classic (LUNC) as Binance, the world’s leading digital asset exchange, officially backs its latest network upgrade. Amid a turbulent crypto market, this development has sparked optimism among investors and analysts alike. With critical technical improvements on the horizon and strong institutional support, many are now asking: Is a LUNC price breakout imminent?
This article dives deep into the recent upgrades, Binance’s pivotal role, community sentiment, and what it all means for the future of Terra Luna Classic.
Binance Confirms Support for Terra Luna Classic Upgrade
In a significant move, Binance has announced full support for the upcoming Terra Luna Classic network upgrade. The exchange confirmed that deposits and withdrawals on the Terra Classic blockchain will be temporarily suspended on February 25, 2025, at 14:00 UTC, ahead of the official upgrade at block height 22,176,864—scheduled for 15:00 UTC the same day.
Despite the temporary pause in transfers, Binance emphasized that LUNC trading will remain unaffected. The platform will manage all necessary technical processes to ensure a seamless transition for users. Once the network stabilizes post-upgrade, deposit and withdrawal functions will resume without additional notice.
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This level of involvement from Binance signals strong confidence in the long-term viability of the Terra Luna Classic ecosystem. Exchange backing often correlates with increased liquidity, improved security perception, and broader market accessibility—key catalysts for potential price appreciation.
Key Features of the Terra Classic v3.4.0 Upgrade
The upcoming Terra Classic v3.4.0 update introduces several foundational enhancements aimed at improving performance, security, and scalability. Here’s a breakdown of what’s changing:
Removal of Fork Modules
One of the most notable changes is the complete removal of legacy fork modules. All logic and code have been migrated to a unified, updated repository. This streamlines development workflows and reduces technical debt, paving the way for faster future upgrades.
Critical Security Patches
Security remains a top priority. The update includes:
- Wasmvm v1.5.8 patch
- Patch CWA-2025-001 & CWA-2025-002 – addressing memory handling vulnerabilities
- CometBFT v0.37.15 update
- Patch ASA-2025-001 & ASA-2025-002 – enhancing consensus layer resilience
These patches collectively strengthen the network against potential exploits and improve overall reliability.
Multisend Tax Handling Fix
A long-standing issue related to tax calculation during multi-send transactions has been resolved. The updated logic corrects reverse charge implementation flaws, ensuring accurate fee distribution and smoother transaction processing across wallets and exchanges.
No Chain State Changes
Importantly, this upgrade does not alter the chain’s state. Smart contracts and decentralized applications (dApps) built on Terra Classic will continue operating without disruption, minimizing risks for developers and users.
Validators are required to upgrade their Go installation to version 1.22.12 before applying the client update—a standard procedure to maintain compatibility and security.
Community-Driven Momentum: Another Upgrade on the Horizon
Beyond Binance’s support, the LUNC community has shown strong engagement by overwhelmingly approving a separate software upgrade proposal titled “Terra — 4834 | Msg Software Upgrade v2.15.0”, submitted on February 24, 2025.
This proposed upgrade focuses on critical bug fixes related to chain liveness, ensuring the network remains responsive even under high load or edge-case scenarios. The fact that the community actively participates in governance decisions reflects a healthy, decentralized ecosystem—one increasingly attractive to long-term investors.
With both institutional backing and grassroots momentum aligning, Terra Luna Classic appears to be regaining traction after years of uncertainty.
Will LUNC See a Price Breakout in 2025?
Market sentiment around LUNC is shifting cautiously bullish. While the broader crypto market faces downward pressure—with Bitcoin and altcoins seeing significant corrections—LUNC has shown signs of resilience.
As of the latest data:
- LUNC price: $0.00006492 (down ~6.6%)
- Trading volume: Surged 92% to $26.11 million
- Futures Open Interest: Flat at 9.56%
Despite short-term volatility, technical analyses suggest a potential breakout toward $0.0001, driven by:
- Increased exchange support (Binance)
- Network stability improvements
- Rising trading volume indicating growing interest
Historically, major network upgrades paired with top-tier exchange involvement have preceded notable price movements in altcoins. If adoption increases post-upgrade, LUNC could see sustained momentum.
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Frequently Asked Questions (FAQ)
What is Terra Luna Classic (LUNC)?
Terra Luna Classic (LUNC) is the original token of the Terra blockchain that continued after the 2022 collapse of the UST stablecoin. It operates independently from Terra 2.0 (LUNA), maintaining its own ecosystem and community-driven development.
Why is Binance supporting the LUNC upgrade?
Binance supports network upgrades to ensure platform stability, security, and uninterrupted service for users. Their involvement reflects confidence in LUNC’s infrastructure and long-term potential.
Does the upgrade affect my LUNC holdings?
No. The v3.4.0 upgrade does not change the state of the blockchain. Your LUNC balance remains safe during and after the process. Only deposit/withdrawal functions are temporarily paused.
How do I prepare for the upgrade as a user?
Simply avoid initiating deposits or withdrawals during the scheduled maintenance window (Feb 25, 14:00–15:00 UTC). Trading is unaffected. Validators must update their Go version and node software in advance.
Could LUNC reach $0.0001?
While no price prediction is guaranteed, recent volume spikes and exchange support create favorable conditions for a move toward $0.0001—especially if network usage grows post-upgrade.
Is investing in LUNC risky?
Yes. Like all cryptocurrencies, LUNC is highly volatile and subject to market risks. Always conduct independent research and consider your risk tolerance before investing.
Final Outlook: A Turning Point for Terra Luna Classic?
The confluence of Binance’s endorsement, technical modernization, and active community governance marks a pivotal moment for Terra Luna Classic. While past challenges still linger in investor memory, these developments demonstrate a clear path toward recovery and innovation.
For traders and long-term holders alike, the coming weeks could be decisive. A successful upgrade rollout may catalyze renewed interest, potentially triggering a sustained rally in LUNC price.
Whether Terra Luna Classic can reclaim broader relevance in the crypto landscape depends not just on technology—but on trust rebuilt over time.
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