Solana News Today: Major Crypto Wallets Shift Capital from XRP and SOL to RTX Amid Utility-Driven Market Shift

Large institutional cryptocurrency wallets, including those linked to Ripple insiders and Solana (SOL) holders, are actively reducing exposure to XRP and SOL while reallocating capital toward emerging tokens like Remittix (RTX). This shift reflects a broader market trend toward early-stage projects with tangible utility, as investors seek higher-growth opportunities amid a cooling altcoin rally.

XRP activity has drawn attention following a significant transfer of 60 million tokens from a wallet believed to belong to Ripple co-founder Chris Larsen in July. Simultaneously, Ripple unlocked 500 million XRP in escrow, although 400 million was relocked, leaving the market anticipating further unlocks before the end of the month. Despite these movements, XRP’s price has held steady between $3.30–$3.50, supported by recent U.S. crypto legislation and corporate investments totaling $421 million. Analysts caution, however, that a decline in trading volume or additional token releases could pressure short-term gains. Long-term forecasts remain bullish, with projections of $5 by 2025 and $10 in a full bull market [1].

Solana’s price has underperformed, dropping 5.4% this week as broader altcoin momentum wanes. While analysts at Bybit still anticipate a rise to $400–$450 in the long term, citing Solana’s high-speed blockchain and developer adoption, capital is increasingly flowing out of the asset. Insiders note that funds are migrating to smaller chains and utility-driven projects, with RTX emerging as a top contender. The token, positioned as a PayFi solution, enables crypto-to-FIAT transfers in 30+ countries through direct bank connectivity, bypassing exchanges and delays. Its live infrastructure, CertiK audit, and deflationary tokenomics have attracted investors seeking real-world applications [1].

RTX’s appeal lies in its ability to address immediate market demands. The project has raised $17.6 million to date, with a $250,000 giveaway for early supporters and a wallet beta slated for Q3 2025. Its focus on cross-border payments aligns with growing institutional interest in tokens that combine technical innovation with operational execution. As major wallets divest XRP and SOL, the trend underscores a strategic pivot toward projects offering clear utility from launch, challenging traditional narratives centered on market capitalization alone.

The market rotation highlights a key dynamic: investors are prioritizing capital efficiency and risk diversification. While XRP and Solana retain long-term potential, the current climate favors assets with proven infrastructure and use cases. RTX’s success could signal a shift in 2025’s investment landscape, where utility-driven tokens gain traction ahead of mainstream adoption.

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[1] Source: [Major Wallets Unloading XRP and SOL to Diversify Into Emerging Tokens Like RTX](https://coinmarketcap.com/community/articles/688885520892f60a23056757/)