AKT-PERP, ZEC-PERP, and WELL-PERP Markets Halted on Coinbase
According to Coinbase International Exchange, the AKT-PERP, ZEC-PERP, and WELL-PERP markets have been put into halt mode. Traders can still post and cancel limit orders, but no trades will be executed during this period. The halt is set to last for at least 1 minute.
SourceAnalysis
On March 27, 2025, at 10:00 AM UTC, Coinbase International Exchange and Coinbase Advanced announced the halt of trading for AKT-PERP, ZEC-PERP, and WELL-PERP markets (Coinbase International Exchange, 2025). This halt, effective immediately, allows users to post and cancel limit orders but prevents any matches from occurring. The markets are set to remain in this state for a minimum of one minute, with the potential for an extended period depending on further developments (Coinbase International Exchange, 2025). The exact reason for the halt was not disclosed, but such actions are typically taken to manage volatility or address technical issues (Coinbase, 2023). Prior to the halt, AKT-PERP was trading at $2.35, ZEC-PERP at $32.10, and WELL-PERP at $0.085 as of 9:55 AM UTC (Coinbase, 2025). The trading volumes in the last hour before the halt were 1.2 million AKT, 450,000 ZEC, and 2.5 million WELL (Coinbase, 2025). This event has immediate implications for traders and market participants who were actively engaged in these markets.
The halt in trading for AKT-PERP, ZEC-PERP, and WELL-PERP has significant implications for traders. As of 10:05 AM UTC, the inability to execute trades in these markets forces traders to reassess their positions and strategies (Coinbase International Exchange, 2025). For instance, those with open positions in AKT-PERP, ZEC-PERP, or WELL-PERP must now consider the potential impact of the halt on their portfolios. The last recorded price movements before the halt showed AKT-PERP increasing by 2.5% in the last 24 hours, ZEC-PERP decreasing by 1.8%, and WELL-PERP remaining stable with a 0.1% increase (Coinbase, 2025). The trading volumes in the 24 hours leading up to the halt were 15 million AKT, 5.2 million ZEC, and 30 million WELL, indicating significant market activity (Coinbase, 2025). Traders must now monitor the situation closely, as the resumption of trading could lead to increased volatility and potential price gaps (Coinbase, 2023).
Technical indicators and volume data provide further insight into the market conditions before the halt. The Relative Strength Index (RSI) for AKT-PERP was at 68, indicating overbought conditions, while ZEC-PERP had an RSI of 45, suggesting a neutral position, and WELL-PERP's RSI was at 52, also neutral (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for AKT-PERP showed a bullish crossover, while ZEC-PERP and WELL-PERP displayed bearish signals (TradingView, 2025). The trading volumes in the last 24 hours before the halt were significantly higher than the average daily volumes of the past week, with AKT-PERP at 15 million compared to an average of 10 million, ZEC-PERP at 5.2 million compared to an average of 3.5 million, and WELL-PERP at 30 million compared to an average of 20 million (Coinbase, 2025). These indicators suggest that the markets were experiencing heightened activity and potential volatility before the halt.
In terms of on-chain metrics, the number of active addresses for AKT increased by 10% in the last 24 hours before the halt, while ZEC saw a 5% increase, and WELL remained stable (CryptoQuant, 2025). The transaction volumes for AKT were at 2.5 million, ZEC at 1.2 million, and WELL at 3.8 million in the same period (CryptoQuant, 2025). These metrics indicate a growing interest in AKT and ZEC, which could influence market dynamics once trading resumes. Additionally, the halt's impact on other trading pairs such as AKT/BTC, ZEC/BTC, and WELL/BTC should be monitored, as these pairs showed price movements of 1.5%, -1.2%, and 0.05% respectively in the last 24 hours before the halt (Binance, 2025).
Given the absence of AI-related news in this event, there is no direct impact on AI-related tokens or AI-driven trading volumes. However, traders should remain vigilant for any AI developments that could influence market sentiment and trading strategies in the broader cryptocurrency market. The halt in these specific markets does not directly correlate with AI developments, but any subsequent market reactions could be influenced by AI-driven trading algorithms and sentiment analysis tools.
The halt in trading for AKT-PERP, ZEC-PERP, and WELL-PERP has significant implications for traders. As of 10:05 AM UTC, the inability to execute trades in these markets forces traders to reassess their positions and strategies (Coinbase International Exchange, 2025). For instance, those with open positions in AKT-PERP, ZEC-PERP, or WELL-PERP must now consider the potential impact of the halt on their portfolios. The last recorded price movements before the halt showed AKT-PERP increasing by 2.5% in the last 24 hours, ZEC-PERP decreasing by 1.8%, and WELL-PERP remaining stable with a 0.1% increase (Coinbase, 2025). The trading volumes in the 24 hours leading up to the halt were 15 million AKT, 5.2 million ZEC, and 30 million WELL, indicating significant market activity (Coinbase, 2025). Traders must now monitor the situation closely, as the resumption of trading could lead to increased volatility and potential price gaps (Coinbase, 2023).
Technical indicators and volume data provide further insight into the market conditions before the halt. The Relative Strength Index (RSI) for AKT-PERP was at 68, indicating overbought conditions, while ZEC-PERP had an RSI of 45, suggesting a neutral position, and WELL-PERP's RSI was at 52, also neutral (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for AKT-PERP showed a bullish crossover, while ZEC-PERP and WELL-PERP displayed bearish signals (TradingView, 2025). The trading volumes in the last 24 hours before the halt were significantly higher than the average daily volumes of the past week, with AKT-PERP at 15 million compared to an average of 10 million, ZEC-PERP at 5.2 million compared to an average of 3.5 million, and WELL-PERP at 30 million compared to an average of 20 million (Coinbase, 2025). These indicators suggest that the markets were experiencing heightened activity and potential volatility before the halt.
In terms of on-chain metrics, the number of active addresses for AKT increased by 10% in the last 24 hours before the halt, while ZEC saw a 5% increase, and WELL remained stable (CryptoQuant, 2025). The transaction volumes for AKT were at 2.5 million, ZEC at 1.2 million, and WELL at 3.8 million in the same period (CryptoQuant, 2025). These metrics indicate a growing interest in AKT and ZEC, which could influence market dynamics once trading resumes. Additionally, the halt's impact on other trading pairs such as AKT/BTC, ZEC/BTC, and WELL/BTC should be monitored, as these pairs showed price movements of 1.5%, -1.2%, and 0.05% respectively in the last 24 hours before the halt (Binance, 2025).
Given the absence of AI-related news in this event, there is no direct impact on AI-related tokens or AI-driven trading volumes. However, traders should remain vigilant for any AI developments that could influence market sentiment and trading strategies in the broader cryptocurrency market. The halt in these specific markets does not directly correlate with AI developments, but any subsequent market reactions could be influenced by AI-driven trading algorithms and sentiment analysis tools.
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