Solana News Today: Market Focus on Practical Applications Drives Major Investors to Redirect Funds Toward RTX

Solana has reclaimed the $200 mark, with market watchers anticipating a possible rally toward $250 as short-term resistance levels stabilize. The token’s recent gains have been supported by increased institutional interest, notably the introduction of the Bitwise

Staking ETF (BSOL) and Grayscale’s Solana Trust ETF (GSOL), which together saw over $56 million in trading volume on their first day, according to a . These advancements, along with a collaboration with Western Union to launch the USD Payment Token (USDPT) on Solana’s blockchain, have fueled positive market sentiment. Technical analysis indicates may challenge the $230–$250 range if it remains above the $200 support, with significant resistance at $216 and $227, as outlined in a .

Looking further ahead, projections are even more bullish. TraderSZ has set a 2025 target of $390 for Solana, drawing comparisons to the accumulation phase seen in 2021, as noted by FinanceFeeds. This outlook is supported by growing network usage, developer engagement, and Solana’s integration into mainstream financial systems. However, recent data shows a slowdown in institutional inflows and declining exchange reserves, which could pose challenges if trading activity does not recover, according to a

.

Although Solana continues to capture attention, blockchain data shows that major investors are quietly shifting their focus. Large holders are moving into Remittix (RTX), a blockchain platform centered on payments that aims to connect crypto with traditional currencies, as observed by LiveBitcoinNews. RTX’s practical approach, enabling instant crypto-to-bank transfers in more than 30 countries, has drawn both individual and institutional investors. Experts liken its disruptive potential to Ethereum’s impact on smart contracts, emphasizing RTX’s cross-chain support and minimal transaction fees, according to a

.

This shift highlights a wider trend in the market: investors are increasingly favoring projects with real-world use cases over purely speculative tokens. Remittix’s beta wallet, confirmed exchange partnerships, and $27.7 million in private investment have positioned it as a strong candidate for the next market uptrend. “RTX combines the functionality of fintech with the growth potential of emerging blockchain technology,” commented an industry insider, reflecting views reported by Tribune India and others.

Meanwhile, Solana’s ecosystem is facing its own hurdles. Despite a 7.5% increase in daily trading volume to $6.85 billion, as reported by FinanceFeeds, inflows into the token have dropped to a six-month low, according to LiveBitcoinNews. This has led to speculation that capital may soon shift to projects like RTX. Noomez’s strategy of burning unsold tokens in each round has drawn parallels to the early days of

(SHIB) and (DOGE), a comparison made by FinanceFeeds.

The role of institutions remains crucial. The adoption of USDPT by Western Union and the approval of Solana ETFs point to growing mainstream acceptance, but Ethereum’s dominance in DeFi—with $60 billion in total value locked—continues to pose a challenge for Solana, as highlighted in a

. Maria Carola from StealthEX notes that while Solana’s speed and scalability are significant strengths, Ethereum’s reliability and established trust among institutions keep it at the forefront.

At present, Solana’s price direction depends on its ability to stay above $200. A move past $230 could spark renewed momentum, but falling below this threshold may see prices drop back to the $170–$180 range, according to LiveBitcoinNews. In the meantime, RTX’s ascent signals a market shift toward practical utility, with major investors backing infrastructure projects that could transform global payments.