Major investors in the Solana ecosystem have begun shifting capital toward Remittix (RTX), a PayFi-focused cryptocurrency, as the network faces signs of weakening demand. Over the past 48 hours, large Solana whale accounts—identified through on-chain activity—have moved significant portions of their holdings into emerging projects, with Remittix emerging as a primary destination. This trend has accelerated amid declining confidence in Solana’s price trajectory, marked by a drop in new addresses and a surge in long-term holder sales [1].
The Liveliness metric, a key indicator of whale behavior, hit a monthly high, signaling increased selling pressure on Solana. Concurrently, the number of new addresses on the Solana blockchain plummeted by 1.4 million in two days, reflecting reduced retail participation and raising concerns about the network’s ability to sustain growth. A prominent whale transaction further underscored the…
