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Cryptocurrency News Articles
Remittix Attracts Whales Leaving Solana in the Dust
Mar 02, 2025 at 01:00 am
Solana has been getting a lot of attention lately. Some huge investors—called “whales”—are buying large amounts of SOL
Solana has been a hot topic in the crypto world lately, mainly due to the activity of some huge investors, often called "whales," who have been making big moves with SOL tokens. Many in the community hope that this could push Solana’s price back to $200. However, there is also worry about a big sell-off and an upcoming token unlock.
While some traders are focused on how these whales can boost Solana, a new altcoin named Remittix is becoming a popular choice among crypto experts. In fact, more than $1 million worth of SOL has flowed into Remittix, hinting that some Solana investors now see this PayFi-focused project as a safer bet.
Whales Bring Some Hope to Solana, But Concerns Remain
Recent reports highlight two giant Solana wallets that were silent for a while but have awoken again, together grabbing around $18.6 million worth of SOL. One wallet (known as “5qDx”) took out $12.4 million in SOL from major exchanges, and another (named “GJwCU”) bought $6.24 million worth of SOL after a year of inactivity. Both wallets have a track record of making successful trades, which has some traders feeling hopeful.
However, Solana’s price has seen a nearly 19% drop in a week, reaching as low as $134 before rebounding to about $139. This difference in price action shows the contrast between what whales are doing and what the market itself is showing.
Even though whales are buying, Solana’s transfer volume has shrunk massively by 99%, decreasing from $1.99 billion to just $14.5 million. Another concern is the upcoming big token unlock in March, which might push the price further down to $110 if the $130 support fails.
Over $1 Million in SOL Moves into Remittix as Whales Become More Active
While some giant Solana wallets have been busy buying SOL, at least $1 million in SOL has moved into Remittix, a rising PayFi project, as several experts now see Remittix as a serious contender in the crypto space, especially during these turbulent market times.
Remittix: A Solid Focus on PayFi for Stable Returns in A Volatile Market
Remittix has been gaining attention for its aim to solve real financial problems rather than depending on hype or memes. Solana is still hoping to make a comeback in DeFi and is battling network issues. On the other hand, Remittix focuses on nearly instant crypto-to-fiat transactions, easy ways for merchants to use crypto, and better remittance services. By concentrating on PayFi, Remittix is tackling problems in the banking world.
One of its biggest strengths is that it has already collected over $13 million during its presale. Both ordinary traders and large investors see Remittix as more stable compared to many other projects. In contrast, Solana’s network slowdowns and security worries have made some whales more cautious with SOL.
Why Remittix Could Outperform Solana In 2025
Although major investors can bring attention to Solana, the overall market outlook seems uncertain. The token unlock is approaching, and Solana’s network issues persist, making the path to $200 less clear. However, Remittix stands out by offering practical solutions for the payments industry. It is in talks with banks and other financial groups to make cross-border payments faster, cheaper, and more trustworthy.
We have seen similar success before with tokens like XRP, which also focused on solving real payment problems. As hype around meme coins and AI tokens wanes, many experts anticipate that Remittix’s plan to fix world problems will draw even greater support.
A Safer Option Than Solana?
It’s possible that the whales could help push SOL back up toward $200. But the token unlock, falling transfer volume, and network troubles remain major hurdles for Solana. Because of this, many investors are turning to Remittix as a better alternative. By concentrating on actual payment solutions, Remittix is building a service that might keep growing even during market downturns.
With over $13 million raised in its presale and real adoption already starting, Remittix is seen by top analysts as a more reliable path. If Solana’s troubles continue, we might see even more money shift from SOL to Remittix—an early sign that Remittix is becoming the favorite for investors who value practical use cases in a rocky crypto market.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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