Binance suspended $LUNC and $USTC deposits/withdrawals — and it's been down for a while.
This is a big deal. Binance is THE main exchange for Terra Classic degens. Suspension = less burn activity = less deflationary pressure.
The likely culprit? Terra Classic just bumped the burn tax to 1.5%. Binance needs time to adjust their systems.
Once they're back online, burn mechanics resume. Until then, liquidity is choked and the burn narrative stalls.
Watch for the re-opening announcement. That's your signal.
This is a big deal. Binance is THE main exchange for Terra Classic degens. Suspension = less burn activity = less deflationary pressure.
The likely culprit? Terra Classic just bumped the burn tax to 1.5%. Binance needs time to adjust their systems.
Once they're back online, burn mechanics resume. Until then, liquidity is choked and the burn narrative stalls.
Watch for the re-opening announcement. That's your signal.