Whale Wallets Accumulate Remittix in PayFi Shift as Cardano Toncoin Momentum Fades

While Cardano (ADA) and Toncoin (TON) struggle to maintain upward trajectories, a new entrant in the PayFi space has captured significant attention from institutional investors. Whale wallets are actively accumulating Remittix (RTX), a project that is positioning itself as a challenger to XRP and Stellar with its focus on real-world payment utility. The shift in capital allocation signals a potential realignment in the crypto market’s priorities, as investors seek projects with tangible use cases over speculative hype.

ADA’s recent price action has been marked by mixed signals. Despite reclaiming key Fibonacci levels and showing improved volume, the token has failed to sustain its push above $0.94, a critical threshold for confirming bullish momentum. Analysts, including CW8900, highlighted technical indicators such as an inverse head-and-shoulders pattern and a bullish Stochastic RSI crossover as justification for optimism. However, the price has since consolidated near $0.85, with weakening RSI momentum and declining highs prompting caution among short-term traders [1].

TON, meanwhile, has seen its initial enthusiasm wane despite high-profile developments. The launch of a Telegram-integrated wallet and a $400 million treasury aimed at ecosystem growth initially boosted its profile. Yet, user activity has dipped sharply, with daily wallet interactions dropping below 20,000 in the past 10 days and transaction fees declining. While the token hovers around $3.30, sustained price confirmation remains elusive, leaving its fundamentals open to scrutiny [1].

In contrast, Remittix has emerged as a focal point for capital inflows. The project, which operates on an Ethereum-based smart contract, enables direct crypto-to-bank transfers across 30+ countries. Whale accumulation has accelerated, with over 570 million tokens sold at $0.0876 apiece, raising more than $17.5 million. A beta wallet launching on September 15 is expected to further solidify its utility, offering full wallet functionality from the outset. Institutional interest is underscored by the project’s security audit by CertiK and its alignment with a growing demand for efficient cross-border payment solutions [1].

The market’s pivot toward Remittix reflects a broader trend of investors prioritizing projects with clear adoption metrics. As ADA and TON face headwinds from stagnant price action and declining user engagement, RTX’s emphasis on functional infrastructure and real-world application is resonating with capital allocators. With its soft cap nearing $18 million and a robust product roadmap, the project is drawing comparisons to established payment-focused cryptocurrencies while carving out its own niche in the PayFi ecosystem [1].

Sources: [1] Whale Wallets Load Up on New PayFi Powerhouse; Cardano and Toncoin Momentum Fades (https://coinmarketcap.com/community/articles/68890bf631246d0e3959fc7b/)