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Chainlink Chainlink (LINK) $16.99 ↓ -3.57%
Avalanche Avalanche (AVAX) $25.12 ↓ -2.46%
Stellar Stellar (XLM) $0.31 ↓ -3.03%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.09%
Hedera Hedera (HBAR) $0.21 ↓ -4.09%
Hyperliquid Hyperliquid (HYPE) $24.97 ↓ -3.13%
UNUS SED LEO UNUS SED LEO (LEO) $8.89 ↑ 2.21%
Toncoin Toncoin (TON) $3.25 ↓ -4.13%
Bitcoin Cash Bitcoin Cash (BCH) $404.72 ↓ -1.77%
Polkadot Polkadot (DOT) $5.01 ↓ -3.07%
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Pi Pi (PI) $0.96 ↓ -28.28%
Monero Monero (XMR) $341.20 ↑ 0.09%
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Bitget Token Bitget Token (BGB) $4.75 ↓ -2.04%
Dai Dai (DAI) $1.00 ↓ -0.02%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.03%
Uniswap Uniswap (UNI) $6.61 ↓ -7.03%
Bittensor Bittensor (TAO) $452.88 ↓ -2.34%
NEAR Protocol NEAR Protocol (NEAR) $3.07 ↓ -5.29%
Aptos Aptos (APT) $5.77 ↓ -6.05%
Aave Aave (AAVE) $229.40 ↓ -2.40%
OKB OKB (OKB) $54.14 ↓ -0.32%
Ondo Ondo (ONDO) $1.02 ↓ -3.29%
Kaspa Kaspa (KAS) $0.12 ↓ -3.44%
Ethereum Classic Ethereum Classic (ETC) $19.90 ↓ -4.01%
Internet Computer Internet Computer (ICP) $5.66 ↓ -3.58%
Cronos Cronos (CRO) $0.10 ↓ -1.39%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $13.34 ↓ -2.42%
Render Render (RENDER) $5.14 ↓ -4.04%
GateToken GateToken (GT) $21.71 ↓ -0.99%
Mantle Mantle (MNT) $0.78 ↓ -4.29%
VeChain VeChain (VET) $0.03 ↓ -4.42%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.25 ↓ -2.78%
Ethena Ethena (ENA) $0.41 ↓ -7.99%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.12%
Algorand Algorand (ALGO) $0.24 ↓ -2.85%
Filecoin Filecoin (FIL) $3.07 ↓ -4.89%
Arbitrum Arbitrum (ARB) $0.43 ↓ -5.57%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.84 ↓ -5.79%
Cosmos Cosmos (ATOM) $5.11 ↓ -3.54%
Celestia Celestia (TIA) $3.08 ↓ -6.92%
Worldcoin Worldcoin (WLD) $1.25 ↓ -4.72%
Bonk Bonk (BONK) $0.00 ↓ -2.82%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.58 ↓ -4.26%
Maker Maker (MKR) $1,859.57 ↓ -1.97%
Jupiter Jupiter (JUP) $0.53 ↓ -6.41%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.05%
Stacks Stacks (STX) $0.95 ↓ -5.87%
KuCoin Token KuCoin Token (KCS) $11.42 ↓ -0.08%
Optimism Optimism (OP) $0.83 ↓ -6.40%
Fartcoin Fartcoin (FARTCOIN) $1.34 ↓ -3.50%
Injective Injective (INJ) $13.32 ↓ -4.46%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $2.03 ↓ -1.87%
Immutable Immutable (IMX) $0.73 ↓ -3.23%
Story Story (IP) $4.70 ↓ -2.23%
Flare Flare (FLR) $0.02 ↓ -2.00%
Sei Sei (SEI) $0.25 ↓ -4.68%
EOS EOS (EOS) $0.80 ↓ -9.95%
Quant Quant (QNT) $99.75 ↑ 0.53%
The Graph The Graph (GRT) $0.12 ↓ -3.99%
XDC Network XDC Network (XDC) $0.07 ↓ -0.04%
dogwifhat dogwifhat (WIF) $1.15 ↓ -3.77%
DeXe DeXe (DEXE) $12.62 ↓ -1.86%
Four Four (FORM) $2.75 ↑ 2.47%
FLOKI FLOKI (FLOKI) $0.00 ↓ -6.90%
Raydium Raydium (RAY) $3.46 ↑ 4.31%
Theta Network Theta Network (THETA) $0.99 ↓ -5.40%
Curve DAO Token Curve DAO Token (CRV) $0.74 ↓ -3.51%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -4.13%
Walrus Walrus (WAL) $0.74 ↑ 10.10%
Gala Gala (GALA) $0.02 ↓ -3.79%
Lido DAO Lido DAO (LDO) $1.07 ↓ -7.06%
Pudgy Penguins Pudgy Penguins (PENGU) $0.02 ↑ 4.95%
IOTA IOTA (IOTA) $0.24 ↓ -4.84%
The Sandbox The Sandbox (SAND) $0.35 ↓ -2.89%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
Ethereum Name Service Ethereum Name Service (ENS) $23.62 ↓ -4.43%
Core Core (CORE) $0.83 ↓ -3.14%
Nexo Nexo (NEXO) $1.28 ↓ -0.53%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↓ -2.50%
Tether Gold Tether Gold (XAUt) $3,184.72 ↓ -2.01%
Bitcoin SV Bitcoin SV (BSV) $38.72 ↓ -4.96%
PancakeSwap PancakeSwap (CAKE) $2.39 ↓ -2.41%
PAX Gold PAX Gold (PAXG) $3,191.66 ↓ -2.06%
Kaia Kaia (KAIA) $0.12 ↓ -3.50%
Brett (Based) Brett (Based) (BRETT) $0.08 ↓ -10.26%
Helium Helium (HNT) $4.11 ↑ 5.94%
SPX6900 SPX6900 (SPX) $0.77 ↓ -8.33%
Home Cryptocurrency

Binance Temporarily Halts Solana Withdrawals Amid High Demand

David Moore by David Moore
18 January 2025
in Cryptocurrency, News
Reading Time: 2 mins read
0
Binance temporarily suspending Solana SOL withdrawals. The design features the Binance logo promine

Binance has temporarily suspended Solana (SOL) withdrawals due to unprecedented demand following the launch of the TRUMP meme coin on the Solana network. Solana’s price has surged significantly, reaching $236.38 with a 26.90% weekly increase.

Qubetics is 728x90 1 3

Table of Contents

Toggle
  • Binance Suspends SOL Withdrawals
    • YOU MAY BE INTERESTED
    • Toncoin Bridge Shuts, Near Eyes $10—Is Qubetics Still One of the Top Cryptos for Massive Growth?
    • CME Group to Launch XRP Futures on May 19
  • Solana’s Price Surges
  • Impact on Other Platforms
  • Growing Demand for Solana

Binance Suspends SOL Withdrawals

The decision to pause Solana withdrawals comes after a sharp increase in withdrawal requests, reportedly linked to the release of the TRUMP meme coin. The coin’s launch on the Solana blockchain has generated widespread excitement, driving investors to the network. Binance customer support clarified that the hot wallet supporting BSC-based SOL withdrawals is undergoing an update. Users have been advised to register for notifications about the resumption of withdrawals, though no exact timeline has been provided.

YOU MAY BE INTERESTED

image 124

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14 May 2025
image 14 May 2025 20 33 45

CME Group to Launch XRP Futures on May 19

14 May 2025

Solana’s Price Surges

Solana (SOL) has experienced remarkable growth, trading at $236.38 with a 26.90% increase over the past week and a 12.39% rise in the last month. Over the past 24 hours, its trading volume jumped by 57.02%, while its market cap grew by 11.19%. This upward trajectory is attributed to heightened interest in the TRUMP meme coin, which has brought significant attention to the Solana network.

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chart 20 1

Impact on Other Platforms

Coinbase has also reported delays in processing Solana transactions due to the increased demand. While some users faced issues sending and receiving SOL tokens, buying, selling, and fiat-related operations remain unaffected. Coinbase has assured users that efforts are underway to resolve the delays, with updates to follow soon.

Growing Demand for Solana

The TRUMP meme coin’s launch has underscored Solana’s position as a thriving blockchain ecosystem, attracting both retail and institutional interest. Turkish NY Radio will continue to monitor these developments as the Solana network navigates this surge in activity.

Tags: Binancehot walletSolanaTRUMP meme coin
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David Moore

David Moore

I am a writer/editor and aspiring author with a high level of editing, writing, communication, leadership and research skills. I possess the proven ability to copy edit, write, fact check, format, calculate and verify numbers/percentages, interview people, perform research, teach and produce something meaningful from scratch. I've worked in various industries and in a number of team environments, including in support roles. In addition to my identity as a financier, I have had the opportunity to write editorial in other sectors throughout my life. Without saying no to these demands, I tried to expand my range and go beyond the field of finance. I have experience editing academic course material, financial services/investment copy, valuation/appraisal content, packaging/caution language and marketing/promotional material. I was on the basketball team when I was in college, but after I got injured, I continued to support the coach and my teammates. I learned leadership skills and continued to coach basketball teams. I've managed young people, and excelled in a number of office cultures. I’m currently working as a Financial Editor for different digital news channels, with contents about personal finance management and cryptocurrencies. economy

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