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International Business Times
International Business Times
Business
Marvie Basilan

Is Coinbase Out Of $SOL Or Did Weekend $TRUMP, $MELANIA Frenzy Affect Solana Transactions?

Solana Brian Armstrong Crypto Melania Trump Shadow United States
Coinbase is one of the world's largest crypto exchanges. (Credit: Coinbase on X / Video Screenshot)

KEY POINTS

  • The exchange giant has been asked if it is 'insolvent' and if it had adequate $SOL reserves
  • Some claimed that $SOL transactions were taking as long as 40 hours
  • Coinbase's Armstrong previously said the team was working on Solana infrastructure
  • Solana saw a significant spike in activity over the weekend following the launch of the $TRUMP and $MELANIA tokens

Cryptocurrency exchange giant Coinbase is under fire for alleged issues that users are facing regarding their Solana (SOL) transactions, with some questioning whether the exchange has "ran out" of SOL reserves.

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