Crypto
LUNA Soars on Binance's Terra Upgrade Support
Terra's native token LUNA experienced a significant price surge on September 21, driven by Binance's announcement to facilitate the blockchain's v2.21.0 enhancement.
The exchange giant confirmed that it would support Terra's network upgrade, which aims to bolster network protection, operational reliability, and cross-chain functionality.
LUNA price reached approximately $0.0536, reflecting a near 15% increase during the preceding 24-hour window, with weekly gains close to 30%.
Market analyst Crypto Anu noted that the price action followed typical patterns seen during protocol upgrades, with LUNA generating around 40% price movement surrounding the enhancement and transaction pauses.