Solana (SOL) has faced intense selling pressure this week, losing its crucial $200 support and sending traders scrambling. While Solana bleeds, another project, Remittix (RTX), is drawing heavy attention from crypto whales as it continues breaking presale and ecosystem records.
Solana Crashes Below $200 With $45M in Longs Liquidated
Solana price dropped to $197.65, marking its lowest level in 23 days. The move below $200 was triggered by over $45 million long liquidations, compared to just $2 million in shorts, showing a mass exit from bullish positions.
Solana Price Chart | Source: CoinGecko
CoinGlass data also shows Solana open interest declining to $14.2 billion, while trading volume spiked 8.2% to $29.5 billion. This imbalance confirms panic-driven capitulation as buyers failed to defend the $200 zone.
With RSI sliding to 37.47 and the BBP indicator deep in negative territory, technicals suggest bearish momentum could continue. Analysts warn that failure to hold above $197 could expose Solana to a sharper retracement toward the $189 zone.
Remittix Gains Traction as Crypto Whales Shift Focus
While Solana struggles, Remittix is enjoying record-breaking momentum. The project has raised $26.7 million in presale, with 672 million tokens sold. Whale inflows continue to climb as confidence grows in Remittix’s role as a next-generation payments solution.
The platform has achieved significant milestones recently, including centralized exchange listings on bitMart and LBank (with two more already secured), CertiK KYC verification, and earning the #1 Pre-Launch Token on CertiK Skynet.
At the same time, the Remittix Wallet beta has been live since September 15, with community testers helping refine the user experience ahead of the full rollout. The Remittix Web App, designed to handle crypto-to-fiat transfers, is entering its final development phase and will soon enter open beta.
Why Analysts Call Remittix the PayFi Winner in Waiting
Remittix is positioned as the PayFi leader, thanks to its core offering: instant crypto-to-fiat transfers in 30+ countries, within 24 hours. Unlike traditional remittance systems, it eliminates banks, delays, and hidden fees, giving users direct, private deposits into their local bank accounts.
Key features making Remittix a whale favorite include:
- Supports 40+ cryptocurrencies and 30+ fiat currencies
- Remittix Pay API integration, allowing businesses to settle crypto payments as local fiat
- Full privacy, transfers appear as standard deposits with no trace of crypto involvement
- Ecosystem-first approach, with wallet + web app already under development
This combination of utility, privacy, and speed has analysts calling Remittix a 100x opportunity this cycle, making it a fair destination for Solana holders rotating ahead of the anticipated Q4 bull rally.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
