Pengu, Ethena, Remittix, Sui Surge on Whale Activity, Institutional Backing, and PayFi Innovation

August 2025 has witnessed a surge of interest in several high-performing altcoins, with Pengu, Ethena, Remittix (RTX), and Sui standing out as top trending projects in the crypto space. These coins have attracted attention from traders and investors for various reasons, including whale activity, technical indicators, institutional support, and innovative use cases.

Pengu (PENGU) has experienced notable attention following its inclusion on Robinhood’s advanced trading platform, Robinhood Legend. Over the past 24 hours, the token has seen a 7% price increase, driven by heightened whale activity. Whale holdings reached a three-month high of 14 billion tokens on August 5, and with nearly 1 billion tokens accumulated during a recent price dip, the market appears to show strong support. Despite broader crypto outflows, Pengu continues to draw organic interest, with an average of 908 million views per day, making it a popular option among memecoin traders [1].

Ethena (ENA) has also captured investor interest after a 5% intraday price surge, pushing its value to $0.616. The coin is currently exhibiting a bullish technical structure, supported by key moving averages such as the 50-period EMA at $0.58, the 100-period EMA at $0.55, and the 200-period EMA at $0.48. Analysts suggest that a breakout above $0.60 could lead to a potential price target of $0.70 and eventually $1.00. Additionally, Ethena has seen a rebound in Open Interest (OI) above $1 billion, indicating renewed investor confidence [1].

Sui has shown significant price recovery, stabilizing around $3.71 after a sharp decline. A double bottom pattern—a classic bullish reversal—has emerged, alongside a peak in social dominance at 2.2%, signaling strong market interest. The project is also gaining traction in the institutional space, with AMINA Bank recently integrating regulated trading and custody services for Sui. This partnership, combined with $450 million in treasury backing, positions Sui as a project with strong potential for institutional adoption and future growth [1].

Remittix (RTX) is gaining momentum as a game-changer in the PayFi space, offering seamless, low-cost cross-border crypto payments. The project has raised over $18.3 million through the sale of more than 583 million tokens. Remittix distinguishes itself with features such as direct crypto-to-bank transfers, support for over 40 cryptocurrencies and 30 fiat currencies, and a 40% bonus for early adopters. The platform is also running a $250K giveaway and offers 20% referral rewards, further enhancing its appeal to investors [1].

The decision on which altcoin is the best to buy now depends on an individual’s investment strategy. However, for those seeking a project with real-world applications and a unique value proposition, Remittix (RTX) stands out as a promising candidate in the PayFi sector. Its ability to facilitate low-fee, cross-border transactions is a compelling feature that sets it apart from traditional blockchain platforms [1].

[1] Source: [1]Top trending crypto in Aug: Pengu, Ethena, Remittix, Sui-which is best to buy now? (https://invezz.com/news/2025/08/08/top-trending-crypto-in-aug-pengu-ethena-remittix-sui-which-is-best-to-buy-now/)