Coinbase faced severe issues handling SOL withdrawals following the launch of memecoins by President Trump and First Lady Melania Trump, which drove unprecedented demand for Solana-based DeFi. Customers reported withdrawal delays exceeding 9 hours and deposit processing times over 1,000 minutes, sparking fears of insolvency similar to FTX's collapse. Critics accused Coinbase of being unprepared for the surge in Solana activity, with speculation that the exchange's reserves were depleted, though on-chain data from Solscan confirmed Coinbase still holds around $156M in $SOL. A Coinbase engineer acknowledged the need for infrastructure improvements to better handle spikes in demand. Did you experience any delays? And are you concerned about Coinbase? Source: SolanaFloor