Solana and Remittix Update: Pump Token Launch Sees Mixed Response as Remittix Highlights Crypto-to-Fiat Features in $16M+ Presale

Solana news today centers on the launch of Pump Token’s ICO, which began on July 12 at 2 p.m. UTC, offering 150 billion PUMP tokens at $0.004 each representing 15% of its total one trillion token supply.

While the offering reportedly raised $600 million across major centralized exchanges, trading volume has so far fallen short of some expectations. Against this backdrop, some market participants have turned their attention to a separate presale priced under $1. Remittix has reportedly raised over $16.3 million and sold 553 million tokens, with its focus on crypto-to-fiat functionality drawing interest for its early-stage utility potential.

Solana news today: Pump Token ICO Underwhelms Investors

Source: TradingView

As recent Solana news indicates, Pump.fun launched its ICO aiming to capitalize on the meme coin trend that fueled interest in tokens like Dogecoin, PEPE, and TRUMP. Institutional investors acquired 18% of the supply in a private round, while the public sale reportedly raised $600 million through platforms such as Bybit, Kraken, and Pump.fun. Due to regulatory restrictions, U.S. and U.K. participants were excluded, directing attention toward markets in Asia and Europe.

Despite reportedly securing over $1 billion in combined funding, Pump Token has struggled to maintain momentum. After an initial trading surge above 700 million, volume declined to below 415 million across both centralized and decentralized exchanges.

High individual purchase caps of $1 million limited broader participation, and token distribution (24% community, 20% team, 13% investors) raised questions about incentives for new buyers. As one of many new token launches, PUMP’s current cap near $0.005 suggests market interest may be influenced more by fundamentals than initial hype.

Remittix’s Crypto-to-Fiat Solution Raises $16.2M+ In Presale

Remittix is a rising low gas fee crypto project that has quietly raised over $16.2 million and sold 553 million tokens at $0.0811 each while updating its merchant integrations and test‑net wallet. Recent partnerships with three global payment processors and a secure compliance framework have earned it praise as the best crypto presale 2025. Plus, the active $250 K Giveaway gives backers a chance to win big before the $18 million soft cap is reached.

In Q3, Remittix will launch its mobile beta wallet with live FX conversion, enabling crypto‑to‑fiat settlements in under ten seconds. Its multi‑chain bridge supports Bitcoin, Ethereum and Solana liquidity, making it one of the fastest growing crypto 2025 projects. 

Here are five reasons Remittix stands out as a top crypto presale pick:

• Fees under a penny per transfer make it a true low gas fee crypto project

• Live test‑net wallet processes cross‑chain swaps in seconds

• Mobile beta brings real‑time FX conversion to your phone

• Integrated staking pools offer passive income on every transaction

• Deflationary tokenomics burns a share of each transfer to boost scarcity

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: Ainvest Fintech Inc. and its affiliates have no affiliation, partnership, or relationship with "Remittix.io" The information contained in this article is for general informational purposes only and should not be relied upon as financial, investment, or legal advice. Ainvest Fintech Inc. does not endorse, recommend, or validate any of the claims or offerings associated with “Remittix.io” Readers are strongly encouraged to conduct their own independent research and due diligence before engaging with any third-party entity. Ainvest Fintech Inc. shall not be held liable for any inaccuracies, omissions, or losses resulting from reliance on the information provided herein. As with all cryptocurrencies, Remittix remains subject to high volatility and regulatory uncertainty. Past performance is not indicative of future results, and all projections are speculative in nature. Investors should conduct independent research and consider their individual risk tolerance before making any investment decisions.