Solana News Today: Investors Shift Toward Utility as Meme Coins Stagnate

Shiba Inu (SHIB) and Dogecoin (DOGE) remain under pressure as the market evaluates their long-term sustainability in a sector increasingly focused on real-world utility and institutional adoption. Recent movements indicate limited upside potential, with SHIB trading at $0.00001248 with a market cap of $7.4 billion, and DOGE at $0.2176 with a market cap of $32.8 billion. Over the past seven days, both have posted negative returns, with DOGE down 1.5% and SHIB down 0.4% [3].

The recent listing of SHIB on Folks Finance—a cross-chain DeFi lending platform—has injected some short-term momentum, pushing SHIB up 2% [3]. The platform, supported by Chainlink’s CCIP, enables SHIB deposits and cross-chain borrowing in a unified liquidity pool. Incentive rewards for depositors have further boosted participation. However, technical indicators suggest caution. SHIB remains below its daily 99 SMMA, a key resistance level, and analysts note that a reclamation of this level is necessary before any meaningful bullish movement occurs [3]. On-chain data also reveals that the top ten SHIB wallets control 62.3% of the supply, highlighting a high concentration of ownership [3].

In contrast, analysts are increasingly turning their attention to emerging projects like Remittix (RTX), a PayFi-focused altcoin that has raised over $23 million in its presale and is positioned to capitalize on a $19 trillion global cross-border payment market. Unlike SHIB and DOGE, which are largely driven by meme culture and speculative interest, RTX is backed by real-world utility, including a crypto-to-bank transfer system and real-time foreign exchange (FX) conversion across 30 countries [1]. The project, which has listed on exchanges including BitMart and LBANK, is preparing a beta wallet launch in Q3, further enhancing its adoption roadmap [1].

RTX’s presale has sold over 637 million tokens at $0.1000 each, signaling strong early interest from investors seeking utility-driven crypto assets [1]. The project has also implemented deflationary tokenomics and secured a security audit from CertiK, reinforcing its infrastructure’s resilience and long-term value potential [1]. Analysts have highlighted that RTX’s strategic approach—combining regulatory compliance, global reach, and cross-border payment rails—sets it apart from traditional altcoins and meme-based projects [1].

Comparisons with larger altcoins like Solana and Ripple reveal divergent market trends. Solana (SOL) traded at $203.67 with a market cap of $110.15 billion and a 24-hour volume of $5.28 billion, showing signs of waning active interest [1]. Ripple (XRP), at $2.83 with a market cap of $168.49 billion and a 24-hour volume of $3.37 billion, faces similar liquidity challenges [1]. These figures suggest that while major altcoins serve as institutional base holdings, smaller projects with clear utility, such as RTX, are gaining traction among retail and utility-focused investors [1].

The broader implication for the crypto market is that investors are shifting toward projects with tangible real-world applications. Shiba Inu and Dogecoin may continue to trade sideways until they demonstrate meaningful utility beyond their cultural appeal. In contrast, Remittix’s roadmap—centered on measurable adoption, infrastructure development, and cross-border payment integration—positions it as a potential high-growth candidate for the PayFi sector in 2025 and beyond [1].

Source:

[1] Remittix Has More Potential Than Solana And Ripple In (https://www.mitrade.com/insights/news/live-news/article-3-1085088-20250901)

[2] XRP Price At $2.80 Fails To Hold Support While Analysts (https://www.trotterinc.com/markets/stocks.php?article=worldnewswire-2025-9-5-xrp-price-at-280-fails-to-hold-support-while-analysts-predict-remittix-could-deliver-5500-gains)

[3] Shiba Inu Jumps 2%: What Is Going On? (https://finance.yahoo.com/news/shiba-inu-jumps-2-going-171943337.html)