Coinbase Solana transactions delayed amid memecoin frenzy
Some Coinbase users report Solana transfers taking hours to clear on the crypto exchange.
Coinbase users complained of hours-long delays on Solana transactions as network congestion tied to US President Donald Trump’s Jan. 18 memecoin launch impacted the cryptocurrency exchange.
The crypto exchange’s “team is working hard on scaling our Solana infra now,” Coinbase CEO Brian Armstrong said in a Jan. 19 post on the X platform.
“Lots of Solana activity last few days, we were not anticipating this level of surge,” Armstrong added.
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Author: Alex O’Donnell
