Binance to Support Terra Upgrade as LUNA Price Surges 15%

Key Facts

1Binance announced it will support the upcoming Terra (LUNA) network upgrade.

2LUNA price surged 15% following the announcement, extending weekly gains to nearly 30%.

In a move reflecting the importance of exchange infrastructure for blockchain stability, Binance announced its official support for the upcoming Terra (LUNA) network upgrade. According to reports, the LUNA token price surged 15% following the announcement, extending its total weekly gains to nearly 30%. The upgrade is designed to enhance network security, stability, and interoperability, with the exchange confirming it will handle all technical requirements for its users.

This development comes amid a broader focus on liquidity and technical transitions within the digital asset sector. Per market data, Binance will temporarily suspend deposits and withdrawals to ensure a smooth transition, while maintaining normal trading operations for the LUNA token. Such support from the world's largest exchange is typically viewed as a positive fundamental signal, providing the necessary stability during major protocol changes.

Regarding current valuation, authoritative price levels are unavailable at close on September 21, 2026. Investors are now watching for the successful stabilization of the network post-upgrade as a primary catalyst for further price action. Additionally, broader market sentiment may be influenced by upcoming global economic data, including the UK Inflation Rate, which remains a key event for risk-on assets.