Solana (SOL) Whales Shift Attention As Price Struggles, Here’s the Small Cap That’s Soaking Up Their Liquidity
The post Solana (SOL) Whales Shift Attention As Price Struggles, Here’s the Small Cap That’s Soaking Up Their Liquidity appeared on BitcoinEthereumNews.com.
Crypto News Recent Solana news updates have revealed that SOL whales are moving. With SOL price action showing signs of fatigue and consolidation, on-chain data have revealed that SOL whales are quietly moving into a small-cap altcoin offering real utility and potential. A few days ago, SOL price chart gave a positive signal from the inverse head and shoulders formation when the $156 resistance was breached. However, Solana’s price has continued to range and bounce between the $155 and $190 zone, failing to break key resistance at $200. This consolidation indicates liquidity rotation is underway. The savvy investors are diversifying into projects like Remittix with real infrastructure and payment value. Solana News Update: Is SOL Price Action Under Pressure? A few hours ago, Lookonchain, reported a Solana news update that a whale, TheWhiteWhaleHL, still holds the long position on the leaderboard. This is coming after a week of market volatility that liquidated some traders. Source: Lookonchain via X While this Solana news seems promising, indicating investor confidence, the chart and SOL’s price action say otherwise. Solana’s price is currently $187, but it’s still struggling to rally to $200 despite the market’s bullish momentum and increasing whale accumulation. SOL price Indicators like ADX, show a weakened trend strength, and SOL is trading below its 50‑day and 100‑day EMAs. Despite Solana news calling out strong fundamentals—network revenue growth, staking yields, and institutional interest—some SOL whales are diversifying funds into smaller-cap projects like Remittix (RTX). Why are investors choosing Remittix? What does it have to offer? Let’s see. The Small Cap Project Catching Whale Liquidity: Remittix (RTX) Remittix (RTX) is an Ethereum-built PayFi platform for global crypto-to-fiat payment transactions. It aims to bridge the gap between traditional payments (Web2) and crypto payments (Web3). Users can send crypto (over 40 currencies), deposited in fiat,…
