The crypto market is once again buzzing as the U.S. Securities and Exchange Commission pushes back key decisions on Solana ETFs. With the Solana price retreating and consolidation patterns forming, traders are left wondering if the $300 rally is delayed until later this year. Meanwhile, Remittix has emerged as a strong contender, capturing investor attention by raising over $20.7 million through the sale of more than 613 million tokens at $0.0969.
Solana Price Faces Setback Amid ETF Delay
The SEC has extended its rulings on the highly anticipated Solana ETF proposals, with new deadlines now set for October 16. This includes filings from 21Shares, Bitwise, and Cboe BZX. These funds would hold Solana directly, giving investors institutional-grade access to Solana price action.
Source: Ali Martinez
On the charts, Solana slipped below its 20-day EMA at $181 and tested the 50-day SMA near $173 on Tuesday. Analysts note that the token is showing signs of accumulation after months of downtrend, with consolidation ranges suggesting buyers are quietly regaining strength.
However, a whale transfer of 98,291 SOL (worth $17.83M) to Binance has stirred fears of potential sell-side pressure. Short-term volatility is possible, but if the structure holds, a push toward $200 remains within reach. Traders argue the real breakout toward $300 may only materialize after ETF clarity later this year.
Why Remittix Is Winning Capital Flows
While Solana ETF delays weigh on sentiment, Remittix has been stealing the spotlight. This ETH-based altcoin focuses on solving real-world payment problems, offering fast, low-cost global transfers with cross-chain support. Its rising demand is backed not only by retail investors but also by funds shifting capital away from uncertain plays. With BitMart preparing a listing and a $250,000 community giveaway underway, Remittix has become one of the fastest growing crypto projects live now.
Key features pushing Remittix ahead:
- Send crypto to real bank accounts in seconds
- Real-time FX conversion for transparent, low gas fee crypto transfers
- Business API that drives liquidity and merchant adoption
- CertiK audit ensures enterprise-grade security
- Over $20.7M raised, showing strong whale and retail interest
Market Momentum Shifts Toward Utility
With Solana ETF decisions delayed, momentum has shifted. While Solana price holds promise, uncertainty has caused many traders to move into Remittix, a crypto with real utility and strong growth potential. If adoption continues at this pace, Remittix could emerge as the next big altcoin 2025, giving investors what they hoped to see from Solana in the short term.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
