Shiba Inu (SHIB) whales appear to be making a quiet exit. While the token has had its moments this year, such as brief rallies, minor exchange wins and a few meme-worthy spikes, on-chain data over the past two weeks tells a different story. A significant portion of large wallets holding SHIB have been moving funds to stablecoins and rotating into new, low-cap altcoins.
The standout beneficiary of this rotation?
A lesser-known project named Remittix (RTX) a real-world remittance token that’s quickly going from being an underdog in its early stage to a breakout altcoin.
Billions Shift From SHIB As Traders Hunt New Momentum
SHIB’s price has been stuck in a narrow range between $0.00001193 and $0.00001243, and whale movement suggests that many aren’t expecting another explosive leg up, at least not anytime soon. And here are possible reasons:
- Blockchain analytics platforms like Lookonchain and Whale Alert have flagged multiple large SHIB transfers in recent days, with some wallets that once held hundreds of billions of SHIB now sitting empty.
- Some of that liquidity is reportedly being funneled into presales and utility-based altcoins.
Remittix, which recently crossed $17.9 million in funding, has seen its wallet count grow by over 45% in just ten days, according to internal metrics from its team.
Why Remittix Is Catching Whale Attention
Unlike Shiba Inu, which relies heavily on community sentiment and meme power, Remittix is focused on utility, specifically the global remittance industry. Here are features that set Remittix apart:
- The platform allows users to send money internationally at a fraction of traditional banking fees, using the RTX token as the medium of exchange.
- That kind of utility resonates in regions where remittances are more than just convenience; they’re essential. Latin America, Southeast Asia and parts of Africa rely heavily on cross-border payments, and Remittix is now actively building partnerships to serve these markets.
- The platform’s new UI rollout, coupled with its upcoming wallet beta launch, has further fueled speculation that the token may see a significant valuation bump after exchange listing.
- RTX offers revenue-sharing as token holders may receive a portion of the platform’s transaction fees.
For large investors seeking to mitigate downside risk in a volatile market, these features present an attractive built-in yield, particularly in comparison to meme tokens that offer no intrinsic returns.
SHIB Stagnates, RTX Accelerates
Shiba Inu isn’t dead; it’s just no longer the only game in town. As of today, SHIB’s price remains flat despite broader market moves, and social volume has dipped noticeably on platforms like X and Reddit. In contrast, Remittix-related discussions have climbed more than 230% week-on-week and the token is now trending across multiple crypto Telegram groups.
If momentum continues, RTX could hit its hard cap sooner than expected, with early investors potentially positioned for one of the highest-performing launches of the year.
Discover the future of PayFi with Remittix by checking out the project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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