On-Chain Analysis Shows Whales Are Accumulating Solana and Remittix Over Dogecoin and XRP

Big-money wallets are quietly shifting their investments. Recent on-chain data reveals whales are accumulating Solana (SOL) and Remittix (RTX), while reducing their holdings of Dogecoin (DOGE) and XRP. Early investors are participating in Remittix's presale, which has already raised $14.4 million at $0.0757 per token and is anticipated to experience significant growth upon listing.

Solana (SOL): Whale Accumulation Ahead of Potential $150 Price Point

SOL is currently trading around $136.

According to Ali_Charts on X, the number of wallets holding over 10,000 SOL increased from 4,943 to 5,019 in the past week—a 1.53% rise suggesting quiet accumulation. SOL is currently trading near $136, just below the $150 resistance level that has held for weeks. A successful break above this level could propel SOL towards $180 and its 200-day moving average.

SOL experienced a 65% drop earlier this year, but recent whale buying activity and calmer macroeconomic conditions may signal a shift in market sentiment. However, a fall below $125 could trigger a further decline towards $100. Currently, whale wallets appear optimistic about a price rebound.

Dogecoin (DOGE): ETF Hype Meets Persistent Inflation

DOGE is currently trading around $0.1534.

Despite trading around $0.1534 during its annual "Dogeday" celebration, daily inflation continues to add 14.4 million DOGE—approximately $2 million—to circulation. While four DOGE spot ETF filings are pending, the first SEC deadline is May 18, with reviews potentially extending to October 2025. This lengthy review process, coupled with continuous token issuance, limits potential upside.

On-chain data shows a consistent flow of large DOGE deposits into exchanges, suggesting some long-term holders are preparing to sell. The combination of increased selling pressure and daily inflation could create significant resistance to any price rally.

Without swift ETF approval or changes to its tokenomics, DOGE may struggle to break out of its current trading range. This supply pressure is a key factor driving whales to shift their investments towards assets with tighter issuance, such as SOL and RTX.

XRP: Regulatory Uncertainty Keeps Whales on the Sidelines

XRP is currently trading near $2.05.

The SEC's recent decision to drop its appeal in the Ripple lawsuit removed some uncertainty, but the potential for a significant fine remains, and ETF approval timelines are still unclear. Until a U.S. ETF receives approval, whales appear hesitant to commit significant capital.

Large wallets are not actively buying or selling, indicating that many major players are awaiting clearer regulatory signals before investing further. While developments like Ripple's expanding payment corridors might trigger short-lived price increases, any gains are likely to be short-lived due to ongoing regulatory and ETF uncertainties. Until the SEC formally approves a spot ETF—or drops all remaining penalties—XRP may remain range-bound, with whales potentially allocating funds to projects with clearer prospects, like SOL and RTX.

Remittix (RTX): Focus on Real-World Utility Attracts Investment
While DOGE and XRP grapple with supply issues and regulatory hurdles, whales are accumulating RTX. The Remittix presale has sold over 527 million tokens, locking liquidity for three years and transferring governance to the community upon completion of sales.

Remittix offers PayFi—combining the speed of crypto with the convenience of bank accounts. Imagine a gig worker in Lagos converting SOL to Nigerian Naira, sending it via Remittix, and allowing their cousin in Canada to receive the funds in their bank account within 24 hours, with no hidden fees. RTX enables users to seamlessly transfer funds from crypto to fiat without needing a traditional bank account, maintaining control of their assets while utilizing existing banking infrastructure.

Businesses also benefit. The Remittix Pay API allows merchants to accept crypto payments while settling in fiat currency, reducing costs and expanding their reach. With a flat-fee model and support for 40+ cryptocurrencies, RTX has the potential to disrupt the $5 trillion-a-day SWIFT market—a fact not lost on major investors.

Conclusion: Why Large Wallets Favor SOL and RTX
Whales prioritize value. SOL presents a favorable chart pattern and growing network activity; RTX addresses a significant real-world challenge—providing fast, inexpensive money transfers for both banked and unbanked populations. While DOGE and XRP still hold potential, inflation and regulatory uncertainty hinder their prospects. Currently, large wallets are demonstrating their preferences through their investment choices, favoring SOL and RTX.