{"id":27225,"date":"2024-03-06T12:42:05","date_gmt":"2024-03-06T12:42:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-temporarily-halts-all-solana-withdrawals\/"},"modified":"2024-03-06T12:42:05","modified_gmt":"2024-03-06T12:42:05","slug":"binance-temporarily-halts-all-solana-withdrawals","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-temporarily-halts-all-solana-withdrawals\/","title":{"rendered":"Binance temporarily halts all Solana withdrawals"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Binance has suspened withdrawals to the Solana network amid issues of increased volumes.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The exchange expects normal services to resume by March 9, 2024.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Binance, Coinbase and Kraken are among exchanges to experience issues as crypto rallied amid Bitcoin\u2019s run to a new all-time high on Tuesday.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Binance is temporarily halting all withdrawals to the <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana (SOL)<\/a> network, according to an <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/notice-on-the-intermittent-suspension-of-withdrawals-on-solana-sol-network-4fd0cd11c66642e9be99830070c6b038\" target=\"_blank\" rel=\"noopener\">announcement<\/a> the world\u2019s largest crypto exchange published today.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the exchange, normal operations are likely to resume by March 9.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cWithdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC),\u201d Binance announced.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">As well as Binance, other exchanges to experience increased transaction traffic and issues include <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase<\/a>, Kraken and Bybit. The exchanges have reported huge volumes as Bitcoin price exploded in recent weeks to spark altcoin gains.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">SOL price outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The news of Binance\u2019s halt of SOL withdrawals coincided with a drop in the price of Solana (SOL), with the altcoin\u2019s value dropping to lows of $117.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this happened as the broader crypto market looked to bounce alongside <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a>. The flagship cryptocurrency traded above $67,000 on Wednesday morning, back to winning ways following its sharp drop post <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-breaks-to-new-all-time-high-above-69000\/\">new all-time high above $69,000<\/a> reached on Tuesday, March 5, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SOL is back above $130 and looking to retest recent highs above $140.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-temporarily-halts-all-solana-withdrawals\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Binance has suspened withdrawals to the Solana network amid issues of increased volumes. The exchange expects normal services to resume by March 9, 2024. Binance, Coinbase and Kraken are among exchanges to experience issues as crypto rallied amid Bitcoin\u2019s run [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27225"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27225"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27226"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}