LUNA surges 15% amid Binance-backed Terra network upgrade and trading spike

LUNA's price jumped nearly 15% in 24 hours, reaching about $0.0536, with weekly gains close to 30%, driven by Binance's support for Terra's v2.21.0 network upgrade scheduled for September 21. The upgrade, aimed at enhancing network security and cross-chain features, will temporarily suspend transactions but allow spot trading to continue. Trading volume soared by 1,290%, reflecting strong investor interest, while futures positions also rose significantly. Market analysts note this price surge and volatility follow typical patterns during major protocol upgrades, with LUNA maintaining bullish momentum amid heightened trading activity.

LUNA's price on Pluang rose 15.88% in one day to Rp967 as of Sep 21, 2026 15:32 WIB, closely matching the nearly 15% jump reported in USD terms. Its 24-hour trading volume reached Rp1.1 trillion, highlighting strong investor activity. Compared to its typical hold time of 84 days on Pluang, this surge indicates heightened short-term interest around the network upgrade news.