SOL Surges 10.24% With Coinbase Solving Solana’s Delayed Sends

• Coinbase users experienced a delay in Solana transactions.
• The platform resolved the issue five hours after the matter was reported.
• Solana saw a substantial hike of 10.24% in the last 24 hours, with its price currently hovering above $200.

U.S.-based crypto exchange Coinbase users faced technical issues causing delays in their Solana transactions. However, according to the recent update from Coinbase, the issue has been resolved.

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

Coinbase assured that the customers’ funds were safe despite the transaction delays. They added, “Buys, Sells, and Fiat withdrawals/deposits are not affected” by the issue. Coinbase marked the incident as “resolved” after approximately five hours.

The same issue was reported three days ago, as revealed by some users via Reddit. A user wrote about their crypto being “stuck” in the Coinbase wallet. They stated, “The funds are successfully sent, but they remain stuck in my coinbase wallet. The transaction appears stuck in progress in transaction history.”

Furthermore, Coinbase issued a similar message concerning a delay in Ethereum transactions. On March 17 at 19:14 PDT, Coinbase stated that users might be experiencing delayed sends for Ethereum. The exchange assured the users that their “funds are safe.” Ethereum’s transaction delay was resolved within the hour, and trading has reportedly resumed. 

Though Solana plummeted during Coinbase’s transaction delays, SOL exhibited a remarkable surge after the issue was solved. Currently trading at $203, SOL experienced a 10.24% increase in the last 24 hours and a 45.94% hike in the last seven days.