Smart money is making moves in the crypto world. Fresh on-chain data reveals that whales are accumulating Solana (SOL) and Remittix (RTX), while shifting away from Dogecoin (DOGE) and XRP. Smart investors are jumping into the RTX presale on Remittix, a project that’s already captured serious attention, raising $14.4 million at $0.0757 per token, with potential for significant growth post-listing.

Solana (SOL): Whales Load Up Before a $150 Test

SOL at around $136

Crypto analyst Ali_Charts on X (formerly Twitter) points out that in the past week, the number of wallets holding over 10,000 SOL has increased from 4,943 to 5,019 – a 1.53% jump, suggesting a steady build-up by larger investors. Currently trading around $136, SOL is testing the $150 resistance level that’s been a hurdle for some time. If buyers break through, technical analysis suggests a quick climb towards $180 and its 200-day moving average.

While SOL experienced a 65% price drop earlier in the year, this renewed whale interest, coupled with a more stable economic outlook, could signal a shift in sentiment. However, a drop below $125 could see bears targeting the $100 mark again. For now, big investors appear optimistic about a potential SOL recovery.

Dogecoin (DOGE): ETF Buzz Meets Daily Inflation

DOGE at around $0.1534

While DOGE hit the same price it had during its annual “Dogeday” celebration of $0.1534, the reality is that inflation constantly adds 14.4 million DOGE – about $2 million worth of tokens – to the supply *every single day*. While four applications for DOGE spot ETFs are under consideration, the first SEC deadline is on May 18th, and the review process could extend all the way to October 2025. This lengthy wait, coupled with the ongoing token issuance, puts a lid on potential upside growth.

On-chain data is revealing a consistent flow of large DOGE deposits to exchanges, hinting at potential selling pressure from longer-term holders. If this trend continues, and coupled with the daily creation of 14.4 million new DOGE, any price surge could be heavily resisted by this incoming supply flood.

Without either rapid ETF approval or a change to its tokenomics, traders might find it challenging to propel DOGE past its current price levels. This constant supply pressure is a key reason why many large investors are shifting their capital into assets with scarcer supply models, like SOL and RTX.

XRP: Legal Clouds Keep Whales at Arm’s Length

XRP at around $2.05

XRP is currently trading near $2.05. Although the SEC recently dropped its appeal in the Ripple lawsuit – clearing some of the legal fog – regulators are still pursuing a significant fine, and the prospect of a US ETF remains hazy. Until a US spot ETF gets the go-ahead, whales appear content to stay out of the fray.

Big investors aren’t making any aggressive moves in either direction, suggesting most deep-pocketed players are waiting for a definitive regulatory signal before committing new funds. In the short term, positive developments like Ripple broadening its payment network might spark short-lived price bumps, but any gains are quickly erased by lingering legal and ETF uncertainties. Until the SEC officially greenlights a spot ETF – or abandons all outstanding penalties – XRP could remain stuck in its current range, while whales direct their funds toward projects with clearer skies ahead, like SOL and RTX.

Remittix (RTX): PayFi Whales Bet on Real Utility

While DOGE and XRP are tangled in supply issues and legal battles, whales are pouring into RTX. The Remittix presale has already surged past 527 million tokens sold, ensuring locked liquidity for three years and handing over governance to the community once the sale wraps up.

 Remittix introduces PayFi – a fusion of crypto’s speed with the familiar ease of bank accounts. Think of a gig worker in Lagos converting SOL to Nigerian Naira, sending it through Remittix, and their cousin in Canada seeing the precise amount appear in their bank account within 24 hours. No sneaky charges, no forex surprises. RTX enables users to seamlessly move from crypto to cash, bypassing traditional bank accounts, while retaining control of their assets and utilizing familiar banking systems.

Businesses benefit too! The Remittix Pay API will allow merchants to accept crypto payments and settle in fiat, streamlining operations and broadening their customer base. Offering a straightforward flat-fee structure and supporting over 40 crypto assets, RTX is poised to challenge the $5 trillion daily SWIFT market – and smart money is taking notice.

Conclusion: Why Large Wallets Favor SOL and RTX

Whales are driven by value. SOL offers a promising chart pattern and growing network activity. RTX tackles a major global issue: making money transfers cheap and fast for everyone, banked or unbanked. DOGE and XRP may still have potential upside, but inflation and regulatory clouds are holding them back. Right now, the largest wallets are casting their votes with their investments, and their vote is clearly for SOL and RTX.

Intrigued to learn how Remittix might outshine XRP? Visit Remittix to discover why PayFi is being touted as the future of crypto!

Website: https://remittix.io/
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Source: cryptopolitan.com