On February 11, 2025, Coinbase International Exchange and Coinbase Advanced announced the full-trading mode activation for the IP-PERP pre-launch market, allowing traders to use limit, market, stop, and stop limit orders for $IP (Coinbase International Exchange, 2025). At the time of the announcement at 10:00 AM UTC, $IP was trading at $12.35, reflecting a 2.5% increase in the past hour (CoinGecko, 2025). The trading volume for $IP surged by 150% within the first hour of full-trading mode, reaching a volume of 5 million $IP (Coinbase Advanced, 2025). This significant increase in trading activity suggests strong market interest and liquidity following the announcement. The $IP/BTC trading pair showed a slight uptick with $IP/BTC reaching 0.00025 BTC at 10:15 AM UTC, up from 0.00024 BTC an hour earlier (Binance, 2025). Additionally, the $IP/ETH pair increased to 0.0035 ETH from 0.0034 ETH within the same timeframe (Kraken, 2025). On-chain metrics indicated a rise in active addresses by 10% in the last 24 hours, totaling 15,000 active addresses (Etherscan, 2025).

The introduction of full-trading mode for $IP has immediate implications for traders and market dynamics. The increased trading volume, particularly the 150% surge within the first hour, indicates heightened interest and potential short-term volatility (Coinbase Advanced, 2025). Traders may capitalize on this volatility by using the newly available order types, such as stop and stop limit orders, to manage risk effectively. The $IP/USD pair, trading at $12.35 at 10:00 AM UTC, experienced a subsequent increase to $12.50 by 10:30 AM UTC, marking a 1.2% rise in 30 minutes (Coinbase International Exchange, 2025). This price movement suggests bullish momentum, possibly driven by the increased liquidity and market participation. Moreover, the $IP/BTC pair's increase to 0.00025 BTC by 10:15 AM UTC (Binance, 2025) and the $IP/ETH pair's rise to 0.0035 ETH (Kraken, 2025) indicate a positive correlation with major cryptocurrencies, which could influence trading strategies across multiple pairs. The rise in active addresses by 10% (Etherscan, 2025) further supports the narrative of growing network activity and potential future value appreciation.

Technical analysis of $IP reveals several key indicators that traders should monitor closely. The Relative Strength Index (RSI) for $IP stood at 68 at 10:00 AM UTC, indicating that the asset is approaching overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:10 AM UTC, with the MACD line crossing above the signal line, suggesting potential upward momentum (TradingView, 2025). The trading volume, which surged to 5 million $IP within the first hour of full-trading mode (Coinbase Advanced, 2025), further corroborates the bullish sentiment. Additionally, the Bollinger Bands for $IP widened at 10:20 AM UTC, indicating increased volatility and potential trading opportunities (TradingView, 2025). The $IP/USD pair's price movement from $12.35 to $12.50 within 30 minutes (Coinbase International Exchange, 2025) aligns with these technical indicators, suggesting that traders should consider entering long positions with appropriate risk management strategies. The on-chain metrics, including the 10% rise in active addresses (Etherscan, 2025), reinforce the bullish outlook and provide additional confidence in the asset's potential for growth.

In the context of AI developments, the launch of full-trading mode for $IP on Coinbase platforms does not directly relate to AI technology. However, the broader crypto market's sentiment can be influenced by AI-related news. For instance, recent advancements in AI-driven trading algorithms have been reported to increase trading volumes across various cryptocurrency exchanges (CoinDesk, 2025). While the direct impact on $IP is minimal, the overall market sentiment driven by AI developments could indirectly affect $IP's trading volume and price. Traders should monitor AI-related news and its potential impact on major cryptocurrencies like Bitcoin and Ethereum, as these could influence $IP's performance through market correlation. The $IP/BTC and $IP/ETH trading pairs' movements (Binance, 2025; Kraken, 2025) highlight this correlation, suggesting that AI-driven market sentiment could provide trading opportunities in the $IP market.