According to Blockonomi, some ADA whales are reallocating funds into Remittix. The logic: Remittix offers a payments infrastructure angle (crypto to fiat to bank rails) that complements the layer-1/smart contract ecosystem narrative.
In another write-up by AInvest, it’s noted that Cardano holders have been heavily investing in the Remittix presale, with the project having raised $27.4 million and experiencing large demand from ADA community members.
On Remittix’s own site: the wallet beta is live, and the team has passed KYC/CertiK verification. They also state that over 678 million tokens have been sold, and a next CEX reveal is forthcoming after locking in that of BitMart and LBank.
These signals show that Remittix isn’t just a buzz name; it’s gaining real traction, especially among those who already believe in ADA’s fundamentals but are looking for the next wave.
Why ADA Whales Might Be Moving Into Remittix (Strategic Rationale)
Here are a few reasons why large ADA holders might be hedging or diversifying into Remittix:
- •Seeking asymmetric upside: ADA is a mature project; big gains are harder to come by now. Remittix, being an earlier stage, may still carry much more runway for multiple returns.
- •Hedging narrative/play on infrastructure shift: As PayFi becomes a talked-about category, Remittix’s use case (crypto to fiat to bank) offers exposure to that narrative in a way ADA doesn’t inherently provide.
- •Credibility, momentum and proof points: Remittix already has a working beta wallet, CertiK/security checks, and strong presale performance. That’s a way for whales to bet on execution, not just hype.
- •Portfolio stakers shifting capital: Some ADA holders who have staked or held for a long time may now take a portion of their liquidity and redirect it toward high beta plays; Remittix fits that bill.
What this Could Mean for ADA’s Price Trajectory
The presence of whales rebalancing into Remittix doesn’t kill ADA’s upside, but it may shift how high it can go relative to the noise floor. Possible effects include:
- •A lower absolute capital inflow into ADA, especially during speculative cycles, means ADA may experience slower momentum compared to newer high-growth plays.
- •In bull cycles, ADA may play the role of base camp rather than a summit; it supports and anchors portfolios while growth plays (Remittix, etc.) take the lead.
- •If Remittix’s success amplifies the PayFi narrative, ADA could benefit by association; more attention to the infrastructure theme could drive renewed interest in Layer 1s.