Remittix Presale Nears $18.1 Million As Solana And Cardano Sell-Off Continues, As Investors Seek Higher Returns
The post Remittix Presale Nears $18.1 Million As Solana And Cardano Sell-Off Continues, As Investors Seek Higher Returns appeared on BitcoinEthereumNews.com.
Following a little pullback in the market, the Solana and Cardano ecosystems have experienced a high sell-off from investors and whales. Simultaneously, an emerging PayFi solution, Remittix (RTX) presale, has raised over $18.1 million. Investors seeking high returns are diversifying from the Solana and Cardano ecosystems. What potential does Remittix offer? Let’s see. Solana (SOL): Plunging Prices and Technical Breakdown These sell-offs came a few days after whale_alert reported that over 614 thousand SOL tokens worth 104 million USD were transferred from unknown wallets to a centralized exchange. Historically, whale-sized SOL transfers to exchanges like this usually hint at looming sell pressure, not least when the market’s already on edge. This single transfer move makes up nearly 0.4% of all circulating supply, so it’s not a blip. During the recent market pullback, SOL briefly breached support at nearly $154, hinting at a deeper downside. However, SOL price is steadily recovering. It tested the resistance around $170, with current support at $160. SOL price needs to break through the $170 zone, flip it to support, and aim for $180 and beyond. Cardano (ADA): Whales Exit, Price Sinks Below Key Levels Cardano is also on the back foot. ADA has dropped over 15%, breached the $0.8 support, and now trades at $0.72. This signals profit-taking and large institutional sell-offs. Although ADA has significant support at around $0.63, technical divergence and volume-backed selling suggest continuation of bearish momentum. Yesterday, Ali Martinez also reported that $ADA could be due for another pullback as the TD Sequential flashed a sell signal on the 4-hour chart. Source: Ali_chart via X. Why Investors Are Rotating into Remittix (RTX) Presale Amid Altcoin Weakness Remittix (RTX) is an Ethereum-based real-world payments solution. Its token, RTis, is currently in presale, and the presale is nearing its $18.1 million soft cap.…
Filed under: News - @ August 6, 2025 10:29 pm