Cardano Whales Reduce Holdings as Interest Grows in Underdog Token Remittix With Potential Upside

Key Points

1. Cardano whales have decreased their ADA holdings from 5.43% to 5.02% of the total supply since late June, reflecting declining network activity and market uncertainty.

2. ADA's price has dropped from $0.92 to $0.71, with daily active addresses falling over 40% from mid-July levels.

3. Remittix (RTX) has surged 484% since mid-June, driven by live PayFi infrastructure in Ghana and Kenya and a $19 trillion global payments market opportunity.

4. Remittix features include direct crypto-to-bank transfers in 30+ countries, a wallet beta with real-time FX conversion, and transaction settlements under 60 seconds.

5. Investors are advised to diversify between ADA and RTX to balance governance-driven upside and real-world payment utility, hedging against ADA's consolidation risks.