Whale Selloff Threatens ADA's Survival as Remittix Eyes 50x Gains

Cardano (ADA) has struggled to break above the $0.85 resistance level, with analysts monitoring closely as whale selling activity intensifies. As of the latest market data, ADA is trading at $0.8244, with daily trading volume declining by 4.39%[1]. Prominent analyst Ali Martinez highlighted that whales sold 50 million ADA within 48 hours, a move that could influence short-term price dynamics[1]. This selling pressure has pushed ADA closer to the $0.80–$0.82 support range, a level many analysts view as critical for near-term stability[1]. If the support holds, it could act as a base for a potential recovery. However, a breakdown could lead to further declines, adding to the bearish sentiment among traders.

Market sentiment around ADA has turned increasingly negative. According to data from Santiment, the ratio of positive to negative comments on Cardano has dropped significantly from 12:1 in early August to 1.5:1[1]. This shift in sentiment indicates growing frustration among retail investors, who have witnessed three consecutive weeks of price declines. Santiment notes that bearish sentiment often serves as a contrarian indicator, as large players may use the dip to reaccumulate at lower prices[1]. A recent rebound from $0.78 back to $0.82 suggests the pattern of whale activity may be repeating, with retail traders exiting and larger holders preparing for a potential turnaround.

Technical analysis reinforces the importance of the current price level. The daily chart shows ADA trading within an ascending structure that has been in place since June, with the token now sitting at the Fibonacci 0.382 retracement level of $0.82[1]. This is viewed as a decisive "make-or-break zone" by some analysts. If ADA can confirm a recovery from this level, it could retest the $1 level in the coming months. On the other hand, a failure to hold above this level could lead to a deeper correction.

Amid these developments, some analysts are turning attention to Remittix (RTX), a relatively new altcoin positioned for potential explosive growth before the end of 2025. Remittix is focusing on solving a real-world challenge in cross-border payments by enabling users to send cryptocurrency and have recipients receive fiat directly in their bank accounts within 24 hours. The platform supports over 40 cryptocurrencies and 30 fiat currencies, offering flat fees and direct-to-bank transfers in 30+ countries[5]. Analysts argue that Remittix’s PayFi model, combined with its focus on real-world utility, makes it a compelling alternative to traditional altcoin investments[5].

Remittix has already raised $23 million in its presale, selling 637 million tokens, with confirmed listings on major centralized exchanges like BitMart and LBank[5]. The platform is also preparing to launch its beta wallet in Q3, which will allow users to conduct instant crypto-to-bank transfers and support a wide range of crypto and fiat assets. The project has also launched a $250,000 community giveaway, further fueling adoption and engagement. Analysts predict that if Remittix executes its roadmap successfully, the token could deliver gains of up to 50x, making it one of the most promising altcoins in the current cycle[5].

While ADA and other legacy altcoins like Solana and Ripple remain in focus, the market is showing increasing interest in projects like Remittix that offer tangible real-world applications. Unlike traditional utility-based blockchains, Remittix is directly targeting a $19 trillion global payments market, leveraging blockchain technology to offer fast, low-cost cross-border transactions. This strategy differentiates it from meme coins and liquidity-driven projects, positioning Remittix as a potential leader in the next phase of crypto adoption[2].

Source:

[1] Cardano Whales Are Dumping, Traders Not Happy: Will ADA Price Hit New High? (https://finance.yahoo.com/news/cardano-whales-dumping-traders-not-081256153.html)

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

[3] Will Remittix Become a Top 10 Crypto by 2030? (https://www.taxtmi.com/news?id=29538)

[4] Why Remittix Is The Best Crypto To Buy This Month, Over (https://en.cryptonomist.ch/2025/09/02/why-remittix-is-best-crypto-buy-month/)