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Cryptocurrency News Articles
Why Remittix (RTX) Is Absorbing Capital From Solana (SOL) and Shiba Inu (SHIB)
Apr 28, 2025 at 02:36 pm
Solana's (SOL) high-profile exploits and Shiba Inu's (SHIB) unpredictable meme-coin cycles have prompted a growing slice of the market to rotate into Remittix (RTX)
Solana’s (SOL) high-profile exploits and Shiba Inu’s (SHIB) unpredictable meme-coin cycles have prompted a growing slice of the market to rotate into Remittix (RTX), a payment-focused token already backed by more than $14.6 million in presale demand. Let’s examine the catalysts behind the Solana and SHIB reshuffle and explain why Remittix is absorbing the capital fleeing both giants.
Solana’s Security Headaches Offset Big-Money Inflows
Solana looked unstoppable last weekend, sprinting to $153, its highest print since March 3 and a full 60 % rebound from this year’s lows. Decentralized exchanges such as Raydium and Orca felt the surge first-hand, clearing more than $17 billion in seven-day volume, while the network’s stable-coin float hit a record $13.1 billion and active addresses spiked to 3.1 million.
source: Defi Lama
But euphoria proved short-lived. SOL has already retraced to the $148 zone. Also, Loopscale’s $5.8 million exploit on April 26 shaved 12 % off the protocol’s total value locked and rekindled memories of earlier Solana network outages. Although Loopscale quickly re-enabled key functions, the incident joins 2025’s lengthening list of Solana-linked hacks, Bybit’s record $1.46 billion breach, KiloEX’s oracle exploit, and Infini’s $49 million stablecoin loss.
Ironically, the hack landed the same week that VCs announced more than $1 billion in fresh Solana exposure, including three separate $100 million allocations on April 21. These big checks show confidence in Solana’s long-term roadmap, yet short-term traders worry that each exploit pressures token price as affected dApps sell SOL to patch holes. Some funds are therefore trimming positions, banking VC upside while reallocating to projects with cleaner security records, one reason Remittix’s presale keeps attracting displaced Solana capital.
Shiba Inu: Seasonal Hype Meets Supply Realities
Historically, May is SHIB’s strongest month: CryptoRank data show an average 77.8 % return, highlighted by 2021’s 350 % moonshot. But with a $8.6 billion market cap representing only 0.29 % of crypto’s total value, Shiba Inu still lives and dies by sentiment swings.
source: cyrptorank
Recent macro headlines, Trump’s dovish stance on Jerome Powell and hints of lower China tariffs, sparked a rally across risk assets, helping SHIB rebound. Yet market-cap dominance remains tiny versus Bitcoin’s 63 %, underscoring how quickly capital can rotate elsewhere.
Meanwhile, on-chain stats cut both ways. The burn rate spiked 926 % to 15.19 million SHIB in a day, pushing cumulative burns above 410 trillion coins. Shibarium has surpassed 1.09 billion transactions and nears 200 million addresses, signs of traction. Still, even bullish traders admit that adding or removing a single zero in SHIB’s price demands huge inflows and every meme-coin pullback sends holders searching for fresh narratives.
Remittix: Turning Cross-Border Pain Points into Opportunity
Remittix (RTX) enters 2025 with a mission that legacy payments firms still struggle to solve: low-cost, near-instant global transfers. Its layer-one chain finalizes transactions in seconds, while a fee-burn model shrinks circulating supply every time value moves. That alone would intrigue investors, but Remittix adds regulatory foresight, pre-filed compliance documents across three remittance corridors, making it easier for banks and fintechs to adopt without facing the “token-volatility” stigma.
Pilot programs set for Q3 with two African mobile-money operators and a Southeast-Asian e-wallet will stress-test throughput under live conditions. If results match lab benchmarks, Remittix could shave costs for migrant workers by more than 70 % over Western Union fees.
Tokenomics also favor early backers: only a controlled tranche floats during rollout, dev allocations are time-locked, and no monthly unlock cliffs loom to spark selling pressure the exact opposite of Pi-style dilution or meme-coin hyper-inflation. It’s little wonder over 529 million RTX have already sold at $0.0757 each, with presale dashboards showing consistent oversubscription every round.
Capital Rotation: Why RTX Looks Stronger Than SOL or SHIB Right Now
For institutions trimming Solana after each exploit, Remittix offers security by design, audited smart-contract layers, no reliance on external oracles and a modest code surface compared with Solana’s sprawling DeFi stack. For retail investors fatigued by SH
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