Investors Flee Pi Network for Utility Growth in Remittix
Interest in Pi Network has cooled as its price dropped over 10% in a week to $0.36 and social dominance plunged to 0.096%. Persistent liquidity constraints and locked supply frustrate holders, prompting investors to seek lower-entry, utility-driven alternatives. Remittix (RTX) has gained traction, with insiders offloading Pi Network tokens and whales accumulating over 614 million RTX sold at $0.0969, raising $20.7m. Its live BitMart listing, upcoming Q3 wallet beta, $250k giveaway, deflationary tokenomics and CertiK audit underscore a clear roadmap. Analysts warn Pi Network risks further decline to $0.30 without breaking $0.42 resistance. This rotation highlights traders’ preference for tangible product progress and liquidity over hype. Remittix’s working infrastructure and real-world remittance features position it as a compelling buy, potentially driving volatility in both tokens. Crypto traders should monitor on-chain liquidity, price resistance levels and milestone deliveries to capitalize on this shifting momentum.
Neutral
This news reflects a specific asset rotation from Pi Network to Remittix based on liquidity, utility and roadmap clarity rather than a broad market shift. Pi Network’s price decline and dwindling social dominance have driven traders toward Remittix’s lower entry point and functional progress. While this could spark short-term volatility in these two tokens, it is unlikely to significantly impact overall market stability. Historically, similar rotations—such as from speculative meme coins to utility projects—have led to temporary price swings but little long-term effect on the wider crypto market.