Solana Delays Strike Again! Is Coinbase Juggling Memecoins or Just Juggling?

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The Great Solana Snafu: A Tale of Memecoins, Delays, and the Occasional Fix

  • Coinbase users, once again, find themselves in a queue longer than a Lancre market day, waiting for their Solana transactions to go through.
  • Fear not, for buying, selling, and fiat deposits/withdrawals remain as steady as Granny Weatherwax’s gaze.
  • Last time this happened, it was all thanks to the TRUMP and MELANIA memecoins. Because nothing says ‘stable economy’ like a former first couple’s digital trinkets.

Ah, Coinbase, the U.S.-based crypto exchange that’s as reliable as a wizard’s promise-sometimes it works, sometimes it doesn’t, and sometimes it just leaves you scratching your head. On Friday, the platform reported technical issues causing delays in sending and receiving SOL and SPL tokens on the Solana network. Because, of course, why have a smooth transaction when you can have a thrilling wait?

The issue was spotted at 10:37 PST, and by 11:17 PST, the wizards in the backroom had waved their wands and declared a fix. But, like a good omens reader, they’re still monitoring the system to ensure it doesn’t decide to take another nap.

Coinbase's update on the delay, probably written in runes.

“We’re aware some users are experiencing delays on the Solana network,” the team said, as if anyone needed a formal announcement to notice their transactions were moving slower than a troll on a Monday morning. “Buys, Sells, and Fiat withdrawals/deposits are fine. We’re on it, and your funds are safe. Probably.” No word on what caused the issue, but we’re betting it was either a gremlin in the works or a memecoin gone rogue.

The Never-Ending Saga of Delays

This particular delay lasted about 40 minutes, which, in crypto time, is roughly equivalent to a century. Coinbase assured everyone that funds were safe, because nothing says ‘trust us’ like a platform that’s had more delays than a Ankh-Morpork postal service.

The issue first popped up at 11:14 PM on February 12, with the team posting on X (formerly known as Twitter, because why not add more confusion?). By 12:19 AM on February 13, they’d deployed a fix and were monitoring the situation. Because, as we all know, the best way to fix a problem is to watch it very closely and hope it goes away.

When Memecoins Attack

Let’s not forget the great Solana delay of January 2025, when the launch of the TRUMP and MELANIA memecoins caused a surge in activity that made the platform grind to a halt. Users reported delays of up to 15 hours, which is plenty of time to question your life choices.

Coinbase CEO Brian Armstrong took to X to explain, “Lot of Solana activity last few days, we were not anticipating the level of surge.” Because, clearly, no one could have predicted that people would flock to memecoins named after a former president and his spouse. Who could have seen that coming?

Some delays were independent of Solana’s blockchain, as Coinbase’s settlement time lagged the network by hours. But hey, at least the Solana blockchain reported 100% uptime in the 90 days before February 6, 2025. Small victories, right?

The Bigger Picture: Crypto’s Never-Ending Drama

Coinbase’s repeated delays highlight the ongoing technical challenges faced by crypto platforms. It’s like watching a clown car-you know something’s going to go wrong, but you’re not sure exactly how or when. These delays happen because the exchanges’ systems are slower than the Solana network, even though the blockchain itself is chugging along just fine.

A short disruption can slow trading action and frustrate users who need their transactions to move faster than a snail on a salt flat. But, in true Coinbase fashion, they’ve been quick to fix these problems each time. Because, as they say, “If at first you don’t succeed, try, try again. And again. And again.”

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2026-02-20 23:58