Solana Slumps Under $185 While Remittix Leads 2025 Mid-Caps
Solana’s rally above $200 stalled after profit-taking and delayed ETF approvals. The Solana token plunged below the $185 support level, sliding 4.5% as whales moved over $213 million in SOL trades. Meanwhile, Remittix (RTX) has drawn $19.6 million in capital for its PayFi platform, which offers fast, low-fee cross-border crypto-to-fiat payments. Institutional and retail demand is high ahead of its planned centralized exchange listing once fundraising hits $20 million. Analysts predict this move will boost liquidity and cement Remittix’s status as 2025’s top mid-cap crypto.
Neutral
In the short term, Solana’s slip below $185 may heighten volatility and bearish sentiment among SOL traders, especially after repeated ETF delays. However, Remittix’s robust fundraising and upcoming exchange listing inject optimism into the mid-cap sector. Historically, new listings and strong capital inflows can offset losses in larger coins. As a result, the overall market impact balances out, making the news neutral. Long-term market direction will depend on SOL ETF approvals and successful Remittix expansion.