Binance has announced its support for the upcoming network upgrades of MANTRA (OM) and MultiversX (EGLD). To ensure a seamless integration and maintain system stability, Binance will temporarily pause deposits and withdrawals for these tokens starting on March 25, 2025. This routine infrastructure upgrade is designed to enhance performance without disrupting active trading, and no significant price changes or market reactions are anticipated, allowing business to continue as usual for traders.
Temporary Suspension of Deposits and Withdrawals
Binance will facilitate the network upgrade process for MANTRA (OM) and MultiversX (EGLD). The upgrades will involve a temporary suspension of deposit and withdrawal services for the affected tokens. Trading on Binance, however, will proceed unhindered during this period, with only deposits and withdrawals impacted.
"The project party is expected to conduct a network upgrade on March 26, 2025, at 00:30 (UTC+8)… The recharge and withdrawal services for related tokens will be reopened when the network is stable." - Official Binance Communication Channels, Official Statement, Binance
This event is part of a pattern of routine technical upgrades that typically do not have widespread market impact. Historical data confirms stability during similar events, reinforcing user confidence in the network's resilience.
Maintaining Market Stability Through Smooth Upgrades
Past MultiversX upgrades have demonstrated smooth transitions with no accompanying market turbulence, further affirming users' confidence in the network's stability. Experts emphasize Binance’s consistent track record in efficiently managing network updates, thereby ensuring minimal disruption. This efficiency is often supported by consistent market performance observed following previous upgrade events.