Coinbase fixes Solana transaction backlog after 48-hour delay
The backlog issue led to pending transaction times of up to 21 hours on the crypto exchange following President Donald Trump’s memecoin launch.
Coinbase CEO Brian Armstrong announced that the Solana backlog problem that caused pending transaction times of up to 21 hours on the centralized exchange has been resolved.
In a Jan. 22 X post, Armstrong encouraged users with canceled transactions to retry posting their transactions and apologized to Coinbase users.
The congestion was caused by the Donald Trump memecoin frenzy as traders rushed in to purchase the US president’s official memecoin, Official Trump (TRUMP).
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Author: Vince Quill
