Breaking: Binance Announces LUNC, USTC Deposit And Withdrawal Changes

The world’s largest crypto exchange Binance on Friday said the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be suspended from September 7 at 00.00 UTC due to the closure of the Shuttle Bridge. However, users can continue to deposit and withdraw LUNC and USTC tokens through the Terra Classic network.
LUNC and USTC Deposits and Withdrawal Suspended
Binance, in an official announcement, on September 2 revealed the deposits and withdrawals of Terra Classic (LUNC) via the Ethereum network and TerraClassicUSD (USTC) via BNB Smart Chain (BEP20), Ethereum network (ERC20), and Polygon network will be available until September 7.
Binance supported LUNC deposits and withdrawals through the Ethereum network (ERC20) and Terra Classic network. Also, supported USTC deposits and withdrawals through BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network, and Terra Classic network.
However, the Shuttle Bridge closure will impact deposits and withdrawals through other networks. But, users can still deposit and withdraw their LUNC and USTC tokens through the Terra Classic network.
Binance recommends avoiding Terra Classic and USTC deposits and withdrawals near the deadline. Deposits and withdrawals made after the deadline will not credit to respective accounts.
Moreover, Spot and Margin trading for LUNC and USTC, including Binance Earn services will continue to run smoothly. Binance will handle all technical requirements for users facing problems related to token transfers through the Shuttle Bridge during the period.
“Please note that withdrawals may take longer than usual to process when there is a large number of pending transactions.”
Terra Tokens Witnessing Record Daily Volumes
Terra tokens LUNA, LUNC, and USTC witnessing a massive rise in daily trading volume. Interestingly, Terra Classic (LUNC) records a daily transaction volume of over 1.4 billion, with the price rising over 100% due to staking, continuous burning, and the 1.2% burn tax proposal. The community wants Binance to announce their support for LUNC burning.
Currently, the Terra Classic price is trading at $0.000246, down nearly 3% in the last 24 hours. Moreover, the LUNA and USTC prices have also plummeted after the profit booking.
- Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength
- Solana ETF Update: Grayscale, Fidelity, Others Files S-1 With Staking, Approval Expected in Two Weeks
- Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF
- Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%