Remittix (RTX) Protocol Attracts Whales, Shiba Inu (SHIB) and Cardano (ADA) Also See Accumulation

For months, retail traders have battled it out over which altcoin will lead the next bull run. Shiba Inu Coin, with its cult-like following and meme magic, still commands attention.

Shiba Inu Coin (SHIB) price has declined by 60% from its recent high, but on-chain data from Crypto Data Space reveals that big-money investors are not panicking. Instead, they are calmly buying more SHIB as the altcoin trades below key moving averages at around $0.134.

Shiba Inu is known for its strong community, which is actively discussing SHIB price and providing support on platforms like Telegram. One trader has shared an interesting perspective on why SHIB price might struggle to break through the current resistance levels.

Shiba Inu (SHIB) has seen a rebound from its April low, and its Relative Strength Index (RSI) score of 56 indicates a neutral market with no clear winner between buyers or sellers.

Shiba Inu: A Closer Look at the On-Chain Data

In the last 90 days, there has been a 24 percent increase in inflows from major holders, while outflows have dropped over 60 percent in the last month. This suggests that big players are slowly accumulating SHIB in anticipation of a potential bull run.

Moreover, wallets holding between $100,000 and $10 million in SHIB have increased, which could indicate growing confidence among mid-tier investors.

Shiba Inu price is currently trading at $0.134, down 0.21 percent in the past 24 hours. SHIB has seen a recovery from its April low of $0.11. The first point of resistance for the bulls is at $0.14, where the 200-day exponential moving average provides strong resistance.

The lower support level for the bears is at $0.12, where the 50-week simple moving average provides support.

Cardano Comeback? Whales Seem to Think So

While retail traders are keeping one eye on the macro headlines and the other on meme coin rallies, on-chain data shows that whales have been quietly scooping up Cardano (ADA) throughout April.

According to Ali Charts, over 410 million ADA tokens were added to large wallets in April alone. These are not small trades; they are substantial capital movements that suggest big players are positioning for something more than a quick flip.

Cardano closed April 2024 with a modest 4.6 percent gain, which might seem small in the short term but signals a slow and steady accumulation by patient capital.

ADA price action has been confined to a relatively tight range, currently trading at $0.6876. Key support levels to watch are at $0.6704, while immediate resistance is seen at $0.7014.

Whales Are Buying Everything, But One Bet Looks More Calculated

On-chain data shows that there is ongoing accumulation across Shiba Inu, Cardano, and Remittix, but the pace and purpose behind RTX buying stand out.

With $14.7 million already raised, nearly 532 million tokens sold, and over 66.5 percent of the presale allocation gone, Remittix is quickly becoming a hot topic in the crypto sphere.

In a market often driven by narratives and hype, it will be interesting to see which project—Shiba Inu, Cardano, or Remittix—is ultimately able to win the biggest share of the capital flowing into the market.

Remitix is a PayFi protocol that allows users to convert over 40 cryptocurrencies into more than 30 fiat currencies, which can then be sent directly to bank accounts. The recipient doesn’t even need to know it started as crypto.

For whales, that’s not just convenience; it’s a revolution. No surprise fees, no broken transfers, and no middlemen appeal to those managing large sums.

Behind the scenes, Remittix has assembled a team of fintech veterans who have launched smart contracts at scale, led integrations with payment processors, and delivered real-world financial apps.

The architecture blends blockchain transparency with traditional banking reliability, and compliance is already in motion, with KYC, AML, and licensing strategies mapped out for every target region.

With banking partnerships underway and a mobile-first wallet in development, Remittix offers real-world utility that meme coins can’t match. Whales see the writing on the wall, and they’re moving in fast.