- Coinbase denied claims of hostility to Solana and emphasized financial support and dedication.
- The network problems of Solana escalated in the midst of the Memecoinrage, but the resilience of the market remained strong.
In a surprising turn, Paul Grewal, Chief Legal Officer of Coinbase Global Inc., has tackled allegations that the crypto exchange is housing animosity for Solana [SOL].
How did this start?
This started from a tweet through an X (formerly Twitter) user, who orphaned,
“@Coinbase why do you hate @solana?”
Respond directly to the claims, Grewal Sturdy answered”
“Huh? I spent millions of dollars on @coinBase $ to defend Sol against an @secgov right case that falsely accuses security.”
He added,
“My team and I wake up every day and think about how we beat this shameful attack. And we don’t stop because we believe in Sol. If that is hatred, you feel free to call me a hater. ”
His post led to widespread involvement in the crypto community and pulled answers from prominent figures, including Solana co-founders Anatoly Yakovenko and Raj Gokal.
Yakovenko grateful and confirmed that,
“Solana Ecosystem is 100% blessed with Coinbase in the corner.”
He also emphasized the crucial role of the exchange in defending and supporting the network in the midst of continuous challenges.
The story does not end here
For those who are not aware, the controversy goes back to Coinbase’s efforts to improve the support for the Solana network after considerable community refund on long -term transaction delays.
The situation escalated this weekend as an increase in traffic, powered by the official Trump [TRUMP] and Melania Meme [MELANIA] Memecoinrage, overwhelmed the network.
The American traders on Coinbase bore the victims, confronted with extensive delays and transaction issues on Solana.
Tackle Brian Armstrong, Coinbase CEO Brian Armstrong reassured Users via X, which stated that the problem that “delays and cancellation of Sol transactions” caused, “traced” was encouraged to encourage affected customers to try their shipments again “.
Despite the increase in customers’ complaints, Armstrong emphasized the unexpected growth in activity as a “high -quality” problem and a positive sign for the health of the ecosystem.
What lies for Solana?
In the meantime, SOL’s resilience was visible in the market, with its price holding company at $ 254.82 – an increase of 3.05% compared to the last 24 hours, per Mint market capPresentation of the trust of investors in the midst of the constant complexities.
This bullish momentum was further supported by investor, Fred Kruitorwho predicted,
“Solana will turn eth around.”