Cardano Whales Sell 0.41% of Holdings as ADA Falls 25% to $0.71 Amidst Ecosystem Cooling

Cardano’s largest holders, often referred to as “whales,” have been quietly reducing their stakes in the blockchain network, raising questions about the future trajectory of ADA. From late June to recent days, the total supply held by these whale addresses—each holding over a billion ADA—has decreased from 5.43% to 5.02%. This decline in ownership, coupled with a sharp drop in daily active addresses on the Cardano network—from 42,000 in mid-July to under 25,000—suggests a broader cooling in on-chain activity [1].

ADA’s price has also followed a similar trajectory, slipping from a local high of $0.92 to a consolidation near $0.71. The market appears to be reacting to whale sentiment shifts and the lack of immediate momentum in the Cardano ecosystem. In response, many investors are rotating capital into alternative projects that offer clearer utility and faster deployment [1].

Amid this backdrop, a relatively unknown token, Remittix (RTX), has emerged as a high-potential contender. RTX has gained significant traction, rising 484% since mid-June, driven by the deployment of live PayFi infrastructure in pilot corridors across Ghana and Kenya. At a current price of $0.0895, the token has raised over $18 million through the sale of 580 million tokens, drawing the attention of serious backers [1].

Several factors position Remittix as a strong long-term play. The platform is tackling a $19 trillion global payments problem by enabling direct crypto-to-bank transfers in over 30 countries. Its deflationary tokenomics are designed to support long-term growth, while its wallet beta—set to launch in Q3 2025—will feature real-time foreign exchange conversion. Additionally, a $250,000 community giveaway has driven a 420% spike in wallet registrations, signaling strong grassroots interest [1].

Enterprise adoption is also on the rise, with companies beginning to integrate Remittix’s API to provide low-fee payroll and remittance solutions. Cross-border transactions settle in under 60 seconds, which offers a stark contrast to the slower performance of many other blockchain solutions [1].

For investors, balancing exposure between Cardano and Remittix could offer a strategic advantage. While ADA remains a key player in the smart contract space, its volatility and current consolidation phase may prompt investors to hedge by allocating a portion of their capital into RTX. This approach allows investors to capture both the potential rebound of Cardano and the real-world utility growth of Remittix [1].

Given its live payment corridors, audited smart contracts, and aggressive community incentives, Remittix is well-positioned to outperform traditional layer-1 tokens. As both projects approach key milestones, a diversified approach may help smooth out volatility and maximize upside potential [1].

Source: [1] Cardano Whales Cooked Their Bags, Now They’re All In On This Underdog Token With 100x Potential (https://coinmarketcap.com/community/articles/689182e6e8e1cc7827f00b47/)