Solana News Today: Whale Exodus to Remittix Driven by Solana, Cardano, XRP Pressures

Major whale activity has shifted toward Remittix (RTX) as Solana, Cardano, and XRP face selling pressure and network concerns [1]. Over the past 48 hours, these top Layer 1 tokens have seen renewed outflows, with Solana’s price dropping to $187.55 due to ongoing throughput challenges [1]. Cardano has retraced to $0.92 after a brief rally, and XRP has lost 6% amid heavy whale sales totaling nearly $1.9 billion in three days [1]. These developments have prompted high-net-worth investors to seek alternative opportunities with clearer utility and growth potential.

Amid this exodus, Remittix has emerged as a primary beneficiary. The cross-border payment platform, which focuses on real-time crypto-to-fiat transactions and transparent routing, has attracted capital from Solana, Cardano, and XRP whale wallets [1]. As of now, the project has raised $19.7 million from the sale of 602 million RTX tokens in its presale, with only a small gap remaining before hitting its $20 million target [1]. Once this threshold is met, the first centralized exchange listing will be announced, a key catalyst for increased liquidity and visibility.

Remittix’s value proposition lies in its real-world application. It offers cross-border transfers in 30+ countries, real-time foreign exchange conversion, and multi-chain wallet support optimized for gas fees [1]. These features position it as a potential alternative to traditional remittance services and SWIFT, especially in underbanked markets across Latin America, Africa, and Asia [1]. Additionally, its Certik-audited smart contracts and tokenomics designed to reduce circulating supply add a layer of security and scarcity to the project.

The presale currently offers a 40% token bonus, which is expected to drive further interest as the final stretch toward $20 million accelerates [1]. Analysts suggest that early-stage projects with tangible utility, such as Remittix, may outperform traditional Layer 1 tokens in the near term, especially in a market environment where whales are reallocating capital toward more scalable and operationally robust platforms [1].

With whales from Solana, Cardano, and XRP continuing to migrate into RTX, the project is showing signs of becoming a major contender in the PayFi space. If the presale momentum continues, its exchange debut could see higher initial buying pressure than many established blockchains are currently experiencing [1].

Source: [1] Remittix Attracts Top Whale Wallets From Solana, Cardano And XRP As Presale Momentum Accelerates (https://timestabloid.com/remittix-attracts-top-whale-wallets-from-solana-cardano/)