
Solana’s (SOL) rise may be peaking as profit‑taking emerges around $186.92, but an under‑the‑radar token Remittix is beginning to steal the spotlight. SOL dipped to $187.35 on Monday after testing $200 resistance, driven by Upexi’s massive treasury build and mixed trader sentiment. Meanwhile, Remittix’s PayFi project has quietly garnered over $17.5 million in community funding at $0.0842 per token, attracting whales seeking real‑world utility beyond Solana’s speculative rallies.
Nasdaq‑listed Upexi Inc. signed a $500 million equity line agreement with A.G.P. to fund further SOL purchases and general corporate needs. The company already holds 1.8 million SOL (≈ $337 million), 56 percent bought at a discount and largely staked for yield. CEO Allan Marshall emphasizes flexibility: “We now have multiple tools to raise capital cost‑effectively.” Such corporate treasury strategies have driven Solana News headlines, but they may signal that SOL’s biggest institutional buyers have already positioned themselves.
SOL price briefly reclaimed $200 before retreating to $186.92 amid rising Liveliness metrics from long‑term holders. Traders booked profits after weekend volatility triggered by an 80,000 BTC wallet offload. On‑chain data shows late‑session volume spikes, indicating dip‑buying interest around the $186–$188 range. With support at $176 and resistance near $200, SOL seems to be consolidating rather than reversing, but a sustained break below $180 could confirm waning momentum.
Technical indicators signal consolidation: the RSI cooled from overbought territory, while MACD remains positive but narrowing. Volume spikes at resistance tests imply that major players may await fresh catalysts before pushing SOL higher.
While Solana grabs headlines, Remittix gains ground as a practical payment infrastructure built on blockchain rails. Its project converts 40+ cryptocurrencies into fiat bank transfers in 30 countries within 24 hours, backed by transparent, flat fees and enterprise‑grade security. Key features include:
Global Settlement: Crypto‑to‑bank transfers across 30 countries.
Transparent Fees: No hidden foreign‑exchange or wire surcharges.
Multicurrency Support: 40+ crypto assets and 30+ fiat currencies.
Security & Stability: CertiK audit clearance and three‑year liquidity and team token locks.
With predictable on‑chain volume driven by real‑world use cases, Remittix offers a steady alternative to SOL’s price swings.
From an institutional accumulation and technical setup standpoint, SOL remains relevant in the blockchain ecosystem; however, the recent profit-taking near resistance seems to array SOL for consolidation. Profits taken near $190 by traders can be redeployed in emerging infrastructure projects, so as to maintain upside exposure.
Remittix presents a very good alternative with its PayFi rails, guaranteeing volume on-chain as its crypto-to-fiat transfers actually take place in 30 countries with transparent flat fees. Investors can present a balanced demand for SOL with a strategic allocation to Remittix to harness the speculative momentum of SOL against the real demand of Remittix and build a diversified portfolio that is placed on and ready to scale along multiple growth vectors.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.