Withdrawal Issues with Solana on Coinbase Cause User Outrage

user avatar

by Giorgi Kostiuk

2 years ago

Users of the cryptocurrency exchange Coinbase have expressed discontent due to prolonged delays in withdrawing Solana (SOL) tokens, leading to rumors of the platform's insolvency.

Delays in Solana Withdrawals

Social media is abuzz with discussions about the ongoing situation, as users lament the inability to withdraw their funds. Crypto YouTuber Wendy O asked her followers about the drama with Coinbase and Solana, while investor 'Curb' directly questioned Coinbase's CEO on why Solana withdrawal is taking over 9 hours when it typically takes less than a second on-chain.

Situation Commentary

Some users speculate that Coinbase is out of Solana reserves, preventing withdrawal. Meanwhile, crypto investor Will Clemente suggested that the exchange might not be prioritizing Solana infrastructure due to competing platforms. Screenshots showing waiting periods for transactions and claims about losing hundreds of dollars have added to the user dissatisfaction.

SOL Price Slumps

The withdrawal issues were accompanied by a 13% slump in Solana's price, falling to $234. Amid the general market instability related to meme coins, Solana faced additional pressure, losing ground due to market conditions and external influences.

The delay in withdrawing Solana on Coinbase has caused significant concern among the platform's users and impacted the SOL price downturn. While the issue remains unresolved, investors continue to await clarification from Coinbase.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Electrum Wallet Faces Security Threat from Fake Pending Payments

Electrum, one of Bitcoin's oldest software wallets, has published a security advisory detailing a vulnerability that has been exploited by attackers, allowing fake pending payments to be displayed in the wallet.

user avatarMaya Lundqvist

Upcoming Economic Announcements Expected to Influence Markets

Key economic announcements are scheduled for the upcoming week, which may impact financial markets.

user avatarLeo van der Veen

US Evacuates Personnel Amid Rising Tensions in the Middle East

The US is rapidly evacuating personnel from embassies and military bases in the Middle East due to increased threats from Iran.

user avatarLi Weicheng

Strategys Share Repurchases Reach $385.5 Million

Strategy has repurchased approximately $385.5 million of its preferred stock, focusing on STRC shares during the period from October 5 to 18, 2026.

user avatarTenzin Dorje

Shareholders to Vote on Daily Dividend Payments

Strategy is seeking shareholder approval to make dividend payments on its four preferred securities more frequent, proposing that every calendar day would become a record date.

user avatarBayarjavkhlan Ganbaatar

Strategys Common Shares Outperform Preferred Securities

Strategy's common shares returned 774 between June 26 and October 23, 2026, outperforming four of the company's preferred securities.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.