Crypto Whales Are Dumping Shiba Inu (SHIB) and Pepe Coin (PEPE) to Buy This New Project - Remittix (RTX)

Crypto whales are shifting their strategies, cashing out of Shiba Inu (SHIB) and Pepe Coin (PEPE) during recent rallies and redirecting their capital

Crypto whales are known for their swift capital movements, often pivoting between hot trends. Recently, there’s been a notable shift away from Shiba Inu (SHIB) and Pepe Coin (PEPE) as these meme coins saw some gains.

Instead, large holders have been concentrating their investments into a rising DeFi contender—Remittix (RTX), which is currently in presale.

Shiba Inu’s Momentum Fizzles Out As Whales Take Profits

Shiba Inu has seen a decent uptrend, gaining 11.4% in less than a week. From a low of $0.00001280 on March 21 to a peak of $0.00001550 by March 26, SHIB looked like it was clawing back into the spotlight.

It’s now holding above $0.00001400, a level that many see as key to sustaining momentum. But beneath the surface, the picture isn’t so pretty.

Whale activity—the lifeblood of sustained rallies in meme coins—is drying up quickly. Over the past month, large SHIB transactions have plummeted by 70%.

Even more alarming, whale outflows have dropped 73%, and inflows are down 85%. This kind of drop-off tells a clear story: the big money is stepping away.

Crucial support at $0.000012 is now in focus. If SHIB loses that footing, analysts say a slide to $0.000010 is likely. Trader sentiment is mixed. While some, like ‘World Of Charts,’ spot a potential breakout from a descending channel, others argue the recent gains are more of a temporary bounce than a trend shift.

Either way, the fact remains—those with the most skin in the game seem to be taking profits and reallocating their capital. And it’s not flowing back into SHIB. It’s going into newer projects with stronger narratives, practical use cases, and cleaner tokenomics.

Investors Question Whether Pepe Can Sustain Momentum

Pepe Coin has been making headlines again, but not all for bullish reasons. On March 27, a newly created wallet pulled 500 billion PEPE—roughly $4.3 million—from Binance. This sparked discussion among traders.

While some viewed it as a whale accumulating a massive position, a closer analysis suggests a different trend may be forming.

With PEPE currently at $0.000008521 and volume surging past $668 million, the technicals on the surface look strong. But the timing of this withdrawal has some traders raising an eyebrow.

Despite Pepe price today breaking above the 50-day EMA and climbing 10.4% in the past week, on-chain signals suggest that whales may be using these mini-pumps to exit rather than accumulate.

Those watching closely note that similar price spikes have led to dumps in the past, and the lack of sustained large-scale movements from new addresses suggests it could be a case of coins being distributed rather than a long-term commitment.

Traders following PEPE closely have pointed out that whenever the price experiences a good pump, there’s usually a large dump shortly after. This time, however, the large move is an outflux, indicating a change in strategy from the whales.

The current price uptick to $0.0000085 is noteworthy, but without consistent support from the whales, this momentum could dissipate quickly. In fact, some analysts suggest the recent rally is more of a trap for retail investors than a signal of continued bullish growth.

Despite its meme coin status, which keeps it both volatile and interesting, recent trends suggest that the sti pending capital from SHIB and PEPE is shifting to projects with real-world utility.

As SHIB and PEPE seen their momentum stall out, crypto whales are quickly pivoting capital into new projects.

Recently, there has been a surprising amount of activity surrounding Remittix (RTX), an emerging Ethereum-based altcoin.

This token has quickly become a presale smash hit, already delivering over 300% in gains for early participants. But what has investors so interested in RTX and what makes it stand out from other altcoins on the market in 2024?

While SHIB and PEPE are largely driven by social hype, a closer look reveals that large holders are increasingly shifting towards projects with more longevity and use cases.

This is especially critical in the current market climate, as some believe the meme coin mania is slowly burning out.

Investors are seeking new opportunities with more sustainable long-term upside, especially those projects that offer a unique proposition.

Enter Remitiix, a revolutionary PayFi platform that is quickly gaining recognition for its innovative approach to cross-border payments.

Its technology seamlessly integrates Web3