Upbit, a leading South Korean exchange, temporarily halted deposits and withdrawals for Akash Network’s AKT on November 24 for scheduled maintenance, with trading services remaining unaffected.
This maintenance, aimed at enhancing security, does not stem from protocol issues and has not significantly impacted AKT’s market dynamics, reflecting routine exchange operations.
Upbit has temporarily halted Akash Network (AKT) deposits and withdrawals from November 24, 7:00 PM for routine maintenance. This step ensures better platform security and performance.
Involving Upbit, one of Asia’s premier exchanges, the suspension aims to fortify security protocols without affecting trading services. Akash Network remains the focal asset during this maintenance period.
AKT Trading Uninterrupted Amid Deposit Suspension
Trading for AKT is unaffected during the pause in deposits and withdrawals. The action is confined to Upbit’s infrastructure, with no discernable impacts on global cryptocurrency markets.
Analysts note bearish price sentiment for AKT around the suspension. Historical trends confirm typical short-term volatility for such exchange interventions without any prolonged financial repercussions.
Previous Maintenance: No Long-Term Market Impact
Upbit’s periodic maintenance protocols previously impacted assets like Cardano and Avalanche. These events historically caused no sustained adverse effects on prices or trading volumes.
Insights from Kanalcoin suggest minor fluctuations are expected in AKT’s performance. Historical data indicates such maintenance events have short-lived financial impacts without permanent damage to the asset’s credibility.
Deposits and withdrawals for Akash Network (AKT) have been temporarily suspended for scheduled wallet maintenance to improve platform security and reliability. Trading is not affected and will continue as usual. Service resumption will be announced once maintenance is complete. – Upbit Official Announcement
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