Cardano News: SOL Holders Are Switching To ADA and RTX As Fears Grow Over $2B FTX Unlock

February 19, 2025 by Vaigha Varghese

The crypto community shows strong interest in Cardano News which reveals Solana (SOL) investors moving their funds to Cardano (ADA) and the emerging Defi project, Remittix (RTX).

The upcoming $2 billion FTX unlock event has created anxiety among investors because it could lead to substantial SOL supply entering the market which might result in SOL price declines. 

The crypto world needs to understand the reasons behind this market transition and how Remittix might become the next major crypto asset.

Cardano News Today: Cardano Strikes Deal with Globant, ADA Hits $0.80

Latest Cardano news shows strong interest in Cardano’s (ADA) partnership with Globant because it has caused ADA prices to rise to $0.80. The strategic alliance represents a major advancement for Cardano as it would strengthen ADA’s development capabilities.

Cardano news outlets remain curious about who Cardano founder Charles Hoskinson will meet with on March 1. The crypto community discusses Elon Musk and David Sacks but they should remember that Hoskinson’s previous predictions including the Chainlink deal did not materialize.

Experts indicate that Cardano finished its second Elliott Wave pattern phase before entering an extremely bullish third phase. The ongoing price trend suggests that the next price target could reach $2 which represents a 155% increase from the current value. The Cardano Whales track Cardano news and signals intensely because they believe the Globant deal alongside VIP potential backing will boost the token toward its ambitious $2 price target.

Solana Is Navigating Through Hard Times 

Solana stands out in the crypto world because it provides fast, cheap transaction processing which draws both DeFi enthusiasts and NFT collectors. SOL’s price has declined to $180 while the market experienced a 9% drop during the time when FTX users were set to receive their assets. The upcoming FTX unlock would release substantial SOL into the market which would then drive investors toward Cardano and Remittix as well as other safe alternatives.

The Solana price experienced a bearish shift when it fell to $180 support levels. The crypto community has often had a positive outlook on Solana (SOL) yet recent market developments indicate a bearish trend. 

SOL entered a downward trend after its inability to sustain support at $180 which indicates potential price drops. Market analysts monitor SOL price movements because the current bearish trend could push the token value to $155 if it continues.

The negative price movement has created a positive sign through investor actions. Recent SOL transaction data shows $115 million in outflows which indicates that long-term holders may be purchasing SOL at lower prices to potentially create conditions for future price growth.

The price of SOL stands at $177 while experiencing a 6% decrease throughout the past 24 hours. The trading volume has surged by 110% because market participants show increased activity during these price movements. The upcoming price movements of SOL will depend on the performance at $155 and $174.3. Solana’s market position will become clear during the upcoming days.

Remittix Is New PayFi Crypto on the Block in 2025’s ICO Scene

While we’re all caught up with Cardano news and Solana price predictions, Remittix is quietly making waves, having raised over $12.2 million and selling more than 460 million tokens in its presale. Remittix is all about PayFi, aiming to solve real headaches with international money transfers. With Remittix, Individuals and businesses just use a special address to turn their crypto into cash, which then lands in the recipient’s bank like any other deposit, cutting out the middleman and the costs.

Remittix also supports fiat to crypto transactions. Remittix isn’t just about speed; it’s about safety too. They’ve locked up their liquidity pools, and their smart contracts have been thoroughly checked. Plus, their upcoming Remittix Pay API will let businesses and freelancers accept crypto but settle in local currency, which is a big deal for those wanting to use crypto in everyday life.

With partnerships like Globant and whispers of AI integration, Cardano seems set for another growth spurt. The excitement around this VIP meeting and Cardano’s tech achievements are keeping the momentum going, though some analysts are still wary of too much hype.

Meanwhile, Remittix’s strong presale numbers show it’s not just another coin; it’s a contender to make everyday crypto payments a reality, possibly even giving established players like XRP a run for their money. This practical approach is something Cardano’s whales appreciate when thinking about where blockchain tech is heading.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix