Recent activity in the Shiba Inu market has caught the attention of traders and analysts alike. Remittix (RTX) continues to gain traction. The project is set to reveal the name of its first CEX listing now that it has hit $20 million, making it a focal point for investors seeking both utility and growth. While SHIB whales move huge amounts of tokens, the latest SHIB price news suggests that market dynamics may be shifting, and smart money could be repositioning in anticipation of the next major move.
Explosive Shiba Inu Whale Movements
Shiba Inu is currently trading around $0.00001318, but recent whale activity has been off the charts. Large holders moved just 9.27 billion SHIB tokens a few weeks ago, but that number surged to 798.22 billion SHIB in just 24 hours. This represents an 8,866% increase in whale movement, signaling heightened market activity.
The sudden surge has pushed SHIB into a zone that makes even casual investors uneasy. The 23-day moving average of that chart has sustained a move below the 50-day line and this is known as the death cross. Once SHIB breaks below the current level of around $0.000012, the market might become a little more bearish, and the next support could be at $0.00001107.
source: TradingView
Network activity has also surged, with on-chain transfers exceeding 10 trillion tokens in a single day, reflecting the increased volatility and investor repositioning. The spike in whale activity has generated plenty of speculation in the market. Analysts are monitoring SHIB to see whether big holders are selling or opening it to smaller addresses. Some traders view this as mere rearrangement of places normally, but the extent of movement is indicative of larger influences on the market.
Why Remittix Remains a Strong Alternative
While meme coins like SHIB dominate headlines, Remittix is attracting significant attention from investors seeking utility-driven growth. With a Q3 wallet beta launch planned, Remittix allows cross-border payments across 30+ countries and supports over 40 cryptocurrencies and 30 fiat currencies. The project’s transparency and strong community support have contributed to its rapid $20 million raise and 607 million tokens sold. The project is also set to reveal the name of its first CEX listing now that it has hit $20 million.
Here’s why Remittix is trending:
Direct crypto-to-bank transfers in multiple countries
Real-time FX conversion with low fees
50% bonus for early backers
Upcoming first CEX listing reveal upon hitting $20M
All these characteristics make Remittix an appealing choice to investors seeking exposure to useful crypto products but also wish to play in the speculative market.
Moving Forward
Investors should track key SHIB support and resistance levels while keeping an eye on Remittix’s CEX listing announcement and Q3 wallet beta. Both tokens demonstrate how different market strategies, meme coin speculation and utility-driven adoption, can coexist, offering unique opportunities for portfolio diversification.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix$250K Giveaway:https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article is not intended as financial advice. Educational purposes only.
