Coinbase Solves Solana’s Delayed Sends; SOL Surges Above $200

• Coinbase customers skilled a delay in Solana transactions.
• The platform resolved the problem 5 hours after the matter was reported.
• Solana noticed a considerable hike of 10.24% within the final 24 hours, with its worth at the moment hovering above $200.

U.S.-based crypto change Coinbase customers confronted technical points inflicting delays of their Solana transactions. Nonetheless, in response to the latest replace from Coinbase, the problem has been resolved.

As per the official message posted on Coinbase’s web page, some customers skilled delayed sends for Solana (SOL). The notification highlighted that the delay occurred on March 17, 2024, at 12:09 PDT.

Coinbase assured that the shoppers’ funds had been protected regardless of the transaction delays. They added, “Buys, Sells, and Fiat withdrawals/deposits should not affected” by the problem. Coinbase marked the incident as “resolved” after roughly 5 hours.

The identical problem was reported three days in the past, as revealed by some customers through Reddit. A person wrote about their crypto being “caught” within the Coinbase pockets. They said, “The funds are efficiently despatched, however they continue to be caught in my coinbase pockets. The transaction seems caught in progress in transaction historical past.”

Moreover, Coinbase issued the same message regarding a delay in Ethereum transactions. On March 17 at 19:14 PDT, Coinbase said that customers may be experiencing delayed sends for Ethereum. The change assured the customers that their “funds are protected.” Ethereum’s transaction delay was resolved inside the hour, and buying and selling has reportedly resumed. 

Although Solana plummeted throughout Coinbase’s transaction delays, SOL exhibited a exceptional surge after the problem was solved. At present buying and selling at $203, SOL skilled a ten.24% improve within the final 24 hours and a forty five.94% hike within the final seven days.