Solana News Today: Whales Abandon Solana for Remittix as PayFi Nears XRP-Level Disruption

Solana’s price has remained within a range near $200, with on-chain data indicating a slowdown in momentum and a shift in whale activity toward emerging projects like Remittix. The cryptocurrency, which reached a 24-hour high of $210 in early September, has shown signs of consolidation, with traders closely watching key resistance levels between $210 and $250. Analysts suggest that a decisive close above $215 could unlock a potential surge to $250–$280, while failure to break through might lead to a pullback toward $185 [1].

Technical indicators reinforce the idea that Solana is in a critical phase. A bullish megaphone pattern on the weekly chart suggests that a breakout above $330 could propel the price toward a $1,057 target—a 400% gain from current levels [1]. Additionally, the RSI has climbed from 49 to 61 since early August, signaling increasing bullish momentum [1]. A cup-and-handle pattern also appears to be forming, with the neckline at $250 expected to be a pivotal level for continued upward movement [1].

At the same time, open interest in Solana futures markets has hit an all-time high of $13.68 billion, a sign of strong speculative interest in the derivatives market. This surge, which has occurred alongside a 17% price rise to around $217, coincides with the approval of the Alpenglow upgrade. The upgrade reduced transaction finality from 12.8 seconds to 150ms and increased throughput to 107,540 TPS, enhancing Solana’s appeal as a high-performance blockchain. Analysts say this could position Solana to outcompete Ethereum if institutional adoption and DeFi growth accelerate [1].

However, on-chain data reveals some contradictions. Despite a $12 billion TVL in Solana’s DeFi ecosystem, network activity has declined sharply. Over the past 30 days, transaction volume dropped by 99%, while active addresses fell by 22% [1]. In contrast, Ethereum’s transaction count increased by 39% during the same period [1]. Decentralized exchange activity on Solana also fell for the third consecutive week, with DEX volumes dropping 65% to $10.673 billion [1]. These figures suggest that while Solana’s price may remain in focus, underlying network adoption could be a limiting factor for future gains.

Against this backdrop, Solana whales have begun to diversify their portfolios, with significant attention turning to Remittix (RTX), a PayFi project gaining traction in the cross-border payment sector. RTX has raised over $23.5 million during its presale, and with a beta wallet launch scheduled for September 15, 2025, the project is preparing to offer real-time crypto-to-bank transfers in 30+ countries [2]. The project has already listed on BitMart and LBank, providing immediate liquidity for new investors [2].

Remittix is being compared to Ripple (XRP) due to its real-world utility and focus on global remittance. Unlike Solana and XRP, which function primarily as utility blockchains, Remittix is directly targeting the $19 trillion remittance market by offering low-cost, high-speed solutions for cross-border transactions. Investors view it as a deflationary token with a clear roadmap for adoption, including strategic exchange listings and a $250,000 community giveaway to reward early supporters [2].

Solana and Ripple have both seen mixed performance in recent months. Solana’s market cap stands at $110.15 billion, with a 24-hour volume of $5.28 billion, while Ripple’s $168.49 billion market cap is matched by a 24-hour volume of $3.37 billion [1]. These figures highlight a trend where large-cap altcoins are seen as stable, institutional holdings, while smaller projects like Remittix are gaining attention for their real-world applications [1]. Analysts argue that while Solana and Ripple serve important roles in the crypto ecosystem, projects with direct utility in global finance could outperform in the long run [2].

Source:

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

[2] Why Solana Whales Are Snapping Up Remittix Tokens as (https://ambcrypto.com/solana-news-today-why-solana-whales-are-snapping-up-remittix-tokens-as-remittix-is-tipped-as-the-next-xrp/)