Solana News: Coinbase Commits to Enhanced Support Amid Transaction Delays

Coinbase has pledged to improve its support for the Solana network following significant transaction delays that sparked community backlash. The delays were particularly severe for U.S.-based traders, with some reporting wait times of up to '4 years.' The issues were exacerbated by a surge in traffic driven by the popularity of memecoins like Official Trump [TRUMP] and Melania Meme [MELANIA].

Coinbase pledges to ‘better support Solana’ amid community backlash

Coinbase has committed to enhancing its support for the Solana network following widespread community dissatisfaction due to significant transaction delays. These issues were exacerbated over the weekend as a surge in traffic coincided with the popularity of memecoins like Official Trump [TRUMP] and Melania Meme [MELANIA]. U.S.-based traders on Coinbase faced particularly severe delays, with reports of a '4-year waiting period' for transaction processing from Coinbase to Solana. Brian Armstrong, CEO of Coinbase, has vowed to scale up support for Solana to address these challenges.

Solana Faces $300 Resistance: Investors Pivot to Explosive New Viral Crypto

As Solana’s price struggles to break past the $300 mark, attention is turning to a new cryptocurrency that’s capturing the internet’s interest. Investors are keenly watching this rising star, hoping to capitalize on its potential surge. This unexpected contender is gaining traction rapidly, promising to shake up the crypto landscape.

Solana surges 12.3% amid FUD and rumors – Just a passing fad?

Solana [SOL] has experienced a significant 12.3% gain in the past 36 hours, making it one of the top-performing altcoins in a volatile market. This surge is attributed to a combination of factors including memecoin activity, retail FUD (Fear, Uncertainty, and Doubt), and speculation around a potential futures contract listing. The growing interest in memecoins like Official Trump [TRUMP] has led to increased network activity on Solana, although transaction delays have caused polarized opinions among traders. Whales have been accumulating SOL, while retail traders have been shedding their holdings.

Solana Compresses Near Previous ATH – Gearing Up For The Next Leg Higher?

Solana (SOL) has recently experienced significant volatility, reaching a new all-time high of $295 before undergoing a sharp correction of over 22%. Despite this, SOL has shown resilience by recovering much of its losses, which has left investors optimistic about its potential for further gains. Top analyst Jelle has provided a technical analysis indicating that Solana is undergoing 'more violent moves, as expected,' and is currently compressing around its previous all-time highs. This phase is seen as a healthy consolidation that could potentially set the stage for the next upward movement. With key support levels holding firm and market sentiment improving, Solana appears to be gearing up for its next leg higher.