Veteran on-chain analyst @LookOnChain identified a series of eight-figure transfers from wallets formerly associated with Cardano, Solana and Polygon treasuries sending new USDC to the same early-stage wallet.
The trend has been contentious: when the largest holders in Cardano, Solana set sights on a micro-cap called Remittix (RTX), the remainder of the market follows.
Why Cardano, Solana Capital Is Circulating
Solana whales have good reasons to diversify. Cardano native token ADA just fell to around $0.7069 after exchange volumes fell by 33 percent, but fundamentals are looking stronger than ever.
Stable-coin staking protocol Minataur is entering audit and Begin Wallet’s collaboration with Liquid Labs now provides up to 21 percent APY on USDA and USDC a sure draw for deep-pocketed yield chasers.
Solana’s price action is no different. SOL is sitting at about $148 with volumes 27 percent off as traders digest news that DeFi Development Corp has filed a $1 billion shelf offering to stockpile SOL and spin up validators. While that corporate demand supports long-term bullishness, short-term consolidation has whales looking for higher-beta alternatives.
Remittix Emerges As The Silent Accumulation Play
Blockchain researcher SmartStake says that two addresses holding over 2 million SOL each sent 50 million USDC to Ethereum, were sold for ETH and were deposited to a new RTX smart contract. Cardano, Solana experts view the step as position-taking in anticipation of Remittix exchange listing.
What’s the draw? Remittix sends BTC, ETH, Cardano, Solana or XRP to local fiat in less than ten minutes via licensed money-service partners in 40 nations. Every transaction burns some RTX and rewards a portion of the fee pool to stakers, generating an automatic yield engine based on actual transaction volume instead of inflationary rewards.
Early uptake is striking. Through the project’s dashboard, users have already sent the equivalent of $38 million over the network this quarter.
Such usage bolsters confidence in analyst estimates that Remittix could capture even 0.1 percent of the $190 trillion payments market globally, an outcome that would justify a multi-billion-dollar valuation versus today’s sub-$40 million float.
Comparative Upside: Cardano, Solana Vs. Remittix
If Cardano, Solana retest old highs ($3.10 and $259 respectively), holders would be about 4 – 5× away from here.
Remittix, which is currently trading at $0.0757 with just 529 million tokens outstanding, would have to shoot 100× to become a mid-cap payment token like Stellar or Ripple, a move veterans claim is plausible once centralized exchanges list RTX and corridor growth gains momentum.
On-chain heat-map data from Nansen indicates that “Yield Farmer” or “MEV Operator” wallets (generic whale tags in Cardano, Solana communities) have been net buyers of RTX for 11 consecutive days, taking in over 6 percent of daily token emissions. That stealth demand usually comes before the public-facing hype cycle.
How Whales Structure The Bet
OTC desk Cumberland insiders say institutional Cardano, Solana investors are splitting new capital three ways: 40 percent back into ADA to farm Minataur returns, 30 percent into SOL validator pools and the remaining 30 percent into Remittix staking nodes.
The logic is simple: if Cardano, Solana go up, okay. If they go sideways, RTX’s volume-dependent burn and distribution mechanism could still be 10× on its own fundamentals.
History shows that when Cardano, Solana whales concentrate on a micro-cap, price discovery follows quickly. Remittix offers exposure to real cash flows in an addressable market orders of magnitude larger than DeFi TVL.
With $14.5 million already committed, corridor launches lined up for Southeast Asia and Latin America and blue-chip wallets snapping up supply, RTX may deliver the explosive upside big caps now struggle to match.
For those whale footprint trackers, the message is simple: Cardano, Solana whales are wagering that payment rails not merely smart-contract throughput will underpin the next leg of the bull run. Remittix sits at that nexus, and the stealth accumulation phase might not be so stealthy much longer.