Woofun AI reports that Bithumb has initiated a temporary suspension of LUNA2 withdrawals on the Terra network, marking a scheduled operational pause rather than a response to market volatility. This maintenance window targets the specific token asset to facilitate necessary backend adjustments.

The halt commences precisely at 12:00 a.m. UTC on July 24 and is projected to persist for several hours. While outbound transfers are frozen, deposit channels remain fully operational, allowing users to continue funding their accounts without interruption during this period.

LUNA2 retains a distinct footprint within the South Korean market, having emerged as the rebranded asset following the collapse of the original Terra ecosystem in 2022. As one of the most active regions for Terra-related assets, South Korea’s trading dynamics are sensitive to service disruptions on major local platforms like Bithumb.

Woofun AI data shows that such upgrades are driven by the need to enhance wallet infrastructure, ensuring improved security, performance, and compatibility with new protocol features. These routine updates allow exchanges to patch vulnerabilities and maintain alignment with evolving blockchain standards, mitigating potential technical risks.

Users are advised to execute any pending transfers to a private wallet or another exchange prior to the cutoff time to prevent transaction delays. Normal withdrawal functionality will resume automatically once the maintenance concludes, with no anticipated impact on the broader market.