{"id":8789,"date":"2025-01-21T07:32:09","date_gmt":"2025-01-21T07:32:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8789"},"modified":"2025-01-21T07:32:09","modified_gmt":"2025-01-21T07:32:09","slug":"where-are-my-coins-coinbase-users-fume-over-solana-withdrawal-issues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8789","title":{"rendered":"\u2018Where Are My Coins?\u2019 \u2013 Coinbase Users Fume Over Solana Withdrawal Issues"},"content":{"rendered":"<div>\n<p>Crypto social media has been flooded by enraged Coinbase users who cannot withdraw their Solana (SOL) tokens, sparking rumors of insolvency.<\/p>\n<p>\u201cWhat\u2019s the drama with Coinbase and Solana?\u201d crypto YouTuber \u2018Wendy O\u2019 <a href=\"https:\/\/x.com\/CryptoWendyO\/status\/1881532236153176540\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">asked<\/a> her 412,000 followers on X on Jan. 21.<\/p>\n<p>Meanwhile, crypto investor \u2018Curb\u2019 asked Coinbase CEO Brian Armstrong, \u201cAfter dealing with insolvency last cycle (FTX), we demand answers into why it is taking 9+ hours to send\/receive SOL when [it] takes less than 1 second on chain.\u201d<\/p>\n<blockquote>\n<p>\u201cIs Coinbase insolvent? Where are your proof of Solana reserves?\u201d they asked.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Brian \/ Coinbase,<\/p>\n<p>After dealing with insolvency last cycle (FTX), we demand answers into why it is taking 9+ hours to send\/receive <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SOL<\/a> (takes less than 1 second on chain).<\/p>\n<p>Is <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@coinbase<\/a> insolvent, where are your proof of Solana reserves?<\/p>\n<p>This is unacceptable.<a href=\"https:\/\/twitter.com\/brian_armstrong?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@brian_armstrong<\/a> <a href=\"https:\/\/t.co\/dFjkkLk9et\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/dFjkkLk9et<\/a><\/p>\n<p>\u2014 Curb\u25ce (@CryptoCurb) <a href=\"https:\/\/twitter.com\/CryptoCurb\/status\/1881428503125803396?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Solana Stuck on Coinbase<\/h2>\n<p>\u201cCoinbase is reportedly out of Solana, making users unable to withdraw money,\u201d <a href=\"https:\/\/x.com\/FinanceLancelot\/status\/1881513022658863493\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">said<\/a> \u2018Financelot\u2019 to their 205,000 followers on X.<\/p>\n<p>Crypto venture capitalist Will Clemente <a href=\"https:\/\/x.com\/WClementeIII\/status\/1881516698110714204\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">commented<\/a>, \u201cWhat\u2019s more likely is that they haven\u2019t prioritized infrastructure build-out for Solana, maybe in part because they\u2019re not incentivized to do so with a competing on-chain platform (Base).\u201d<\/p>\n<p>Others shared screenshots of waiting times of hours for pending transactions, with one user asking, \u201cWhere are my coins?\u201d before\u00a0<a href=\"https:\/\/x.com\/MeowMeowG_\/status\/1881479788281659726\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">claiming<\/a> to be down nearly $1,000, \u201cpatiently waiting for my Solana,\u201d adding, \u201cLiterally never using your platform again.\u00a0Moving to Gemini.\u201d<\/p>\n<p>On Jan. 21, Coinbase announced support for the recently launched Official Trump (<a href=\"https:\/\/cryptopotato.com\/trump-meme-coins-face-scrutiny-after-rapid-launch-before-inauguration\/\" data-wpel-link=\"internal\">TRUMP<\/a>) meme coin on the Solana network as a SPL token.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Coinbase will add support for Official Trump (TRUMP) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@Coinbase<\/a> &amp; <a href=\"https:\/\/twitter.com\/CoinbaseExch?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@CoinbaseExch<\/a> in the regions where trading is supported.<\/p>\n<p>\u2014 Coinbase Assets \ufe0f (@CoinbaseAssets) <a href=\"https:\/\/twitter.com\/CoinbaseAssets\/status\/1881425414045696055?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It is not the first time Coinbase has <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-drops-toward-61k-as-coinbase-reports-system-wide-outage\/\" data-wpel-link=\"internal\">failed<\/a> under heavy demand, and the exchange is known for going offline or having \u2018technical issues\u2019 when markets are at peak volatility. The Solana network has also had more than its fair share of <a href=\"https:\/\/cryptopotato.com\/solana-outage-sparks-centralization-debate-network-reliability-questioned\/\" data-wpel-link=\"internal\">outages<\/a> over the past few years.<\/p>\n<h2>SOL Price Slumps<\/h2>\n<p>The rush to remove Solana and cash out has been exacerbated by the token tanking by around 13% over the past few hours. SOL prices hit an intraday high of $272 on Monday but dumped to $234 during the Tuesday morning Asian trading session.<\/p>\n<p>Additionally, the asset is also down almost 20% from its <a href=\"https:\/\/cryptopotato.com\/solana-sol-rockets-to-new-all-time-high-as-trump-mania-sweeps-the-market\/\" data-wpel-link=\"internal\">all-time high<\/a> of $293 on Jan. 19.<\/p>\n<p>Solana-based and other <a href=\"https:\/\/cryptopotato.com\/ryan-selkis-urges-trump-to-dismiss-melania-coin-creator-amid-market-controversy\/\" data-wpel-link=\"internal\">meme coins<\/a> are also getting mauled today. TRUMP has tanked more than 20%, while <a href=\"https:\/\/cryptopotato.com\/trump-token-crashes-over-50-as-melania-trump-launches-meme-coin\/\" data-wpel-link=\"internal\">MELANIA<\/a> has slumped around 50% over the past 24 hours.<\/p>\n<p>Other memes, such as Fartcoin, Dogwifhat, Mog Coin, and Freysa AI, are also deep in the red.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/where-are-my-coins-coinbase-users-fume-over-solana-withdrawal-issues\/\" rel=\"nofollow\">\u2018Where Are My Coins?\u2019 \u2013 Coinbase Users Fume Over Solana Withdrawal Issues<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto social media has been flooded by enraged Coinbase users who cannot withdraw their Solana (SOL) tokens, sparking rumors of insolvency. \u201cWhat\u2019s the drama with Coinbase and Solana?\u201d crypto YouTuber \u2018Wendy O\u2019 asked her 412,000 followers on X on Jan. 21. Meanwhile, crypto investor \u2018Curb\u2019 asked Coinbase CEO Brian Armstrong, \u201cAfter dealing with insolvency last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8789","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8789"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8789\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}