Solana News Today: Solana Whales Pump Remittix ICO to $21 Million as Whale Activity Drives Speculative 1000% Rally Hype

The crypto market is witnessing a surge of interest in the Remittix (RTX) initial coin offering (ICO) as Solana whales and institutional investors continue to pour capital into the project. With the presale nearing $21 million raised, the project is gaining traction for its payments-focused model and real-world utility in cross-border remittances. At a price of $0.0969 per token, Remittix is positioning itself as one of the most promising presales of 2025, drawing comparisons with top-performing altcoins [1].

The project is set to launch its beta wallet in Q3, a key step toward establishing itself in the global payments sector. The wallet will include real-time foreign exchange conversions and is expected to enhance the token’s appeal to everyday users. Additionally, the platform has already been audited by CertiK, a move that bolsters trust and transparency in the project’s infrastructure [1].

One of the most notable aspects of Remittix is its ability to facilitate crypto-to-fiat transfers in over 30 countries, making it a compelling solution for international money transfers. This utility, combined with the low gas fees and high scalability of the Solana blockchain, has made RTX an attractive investment for those seeking exposure to a project with tangible use cases [1].

The momentum behind the ICO has also been driven by the project's fundraising progress. With over 611 million tokens sold and a $250,000 ongoing giveaway to incentivize community participation, the project has demonstrated strong early-stage adoption. The first centralized exchange listing on BitMart has further contributed to the project’s visibility and liquidity [1].

Despite the enthusiasm, it is important to note that the projected 1,000% price increase is not a formal forecast by any analyst but rather speculative commentary based on the speed of fundraising and whale activity. The actual token’s performance will depend on post-ICO adoption, regulatory developments, and broader market conditions [1].

As the project moves closer to its next fundraising milestone of $22 million, the anticipation for the next listing announcement continues to build. Solana’s current market position—trading at $180.74 with a 10.49% drop in the last 24 hours—has not dampened interest in new projects like Remittix, which are seen as potential breakout candidates in 2025 [1].

Source: [1] Solana Whales Dive In As Remittix ICO Nears $21 Million Raised, Is This Your Last Chance Before 1,000% Rally? (https://blockonomi.com/solana-whales-dive-in-as-remittix-ico-nears-21-million-raised-is-this-your-last-chance-before-1000-rally/)