Bitcoin Liquidation Cascade Sees Solana Drop Below $200, Remittix Nears Big CEX Reveal at $20M ICO Milestone
PRESS RELEASE.
Today, a sudden liquidation wave swept across major assets, shaking the cryptocurrency market to its core and sending prices spiraling lower.
Bitcoin, fresh off setting a new all-time high at $124,000, tumbled sharply below the $120,000 mark, while the Solana price slipped under $200 for the first time in 24 hours.
However, Remittix (RTX) is defying the downturn, edging closer to its $20 million presale target and an eagerly anticipated centralized exchange (CEX) listing reveal.
Bitcoin Flash Crash Triggers $538M Long Liquidations
Data from CoinGlass shows that a staggering $1.04 billion in positions were liquidated over the last 24 hours, with Bitcoin accounting for over $103 million in losses. Of the $565 million liquidated in a single hour, $538 million came from longs, a sign that overleveraged traders were caught on the wrong side of the move.
Crypto Liquidation Heatmap | Source: Coinglass
Ethereum, XRP and other major altcoins joined the decline, but the Solana price stood out, falling below its key $200 support level after $30 million worth of SOL positions were closed.
Many observers noted that macroeconomic shocks can stop even the biggest crypto rallies. The market may remain volatile as traders await Fed guidance on September rate-cut hopes.
Solana Price Slips Under $200 Amid Market Turmoil
The broader sell-off also claimed SOL, which fell below the critical $200 threshold during the cascade. The Solana price now hovers around $197, pressured by market-wide weakness and fresh concerns over potential selling from Alameda Research’s recently unstaked 190,821 SOL, valued at roughly $38 million.
Solana Price Chart | Source: CoinGecko
The unlock is part of FTX’s ongoing bankruptcy proceedings, sparking fears of increased supply hitting the market. With bearish technical indicators such as an overbought CRSI and a declining SOL/ BTC trend, some traders see further downside risk toward the $140–$150 zone if selling accelerates.
However, Solana’s fundamentals remain strong. The network posted $40 billion in DeFi volume last month, $18 million in revenue and continued institutional inflows despite volatility.
Some analysts believe that controlled OTC sales and growing ecosystem adoption could help Solana price stabilize and recover towards $250 once the market stabilizes.
Remittix Approaches $20M Milestone With First CEX Listing Reveal on Deck
While the rest of the market wavers, Remittix (RTX) holds its ground and even gains momentum. The cross-border PayFi project has now raised over $19.6 million in its ICO, selling over 600 million tokens at a presale price of $0.0944.
The team has confirmed that once the $20 million mark is reached, they will announce the first of multiple CEX listings. This could significantly boost liquidity, accessibility and global exposure for RTX holders. With a 40% token bonus still active until the milestone is hit, investor interest has surged despite broader market turbulence.
Beyond speculation, Remittix’s value proposition lies in its real-world use case: enabling crypto-to-bank transfers in 30+ countries with real-time FX conversion and low, transparent fees.
Beta Web3 Wallet Launch Adds Utility Ahead of Public Trading
In Q3 2025, Remittix will roll out its Beta Web3 Wallet, offering early testers a first-hand experience of its cross-chain payment technology. Features include:
- Multi-chain support for 40+ cryptocurrencies
- 30+ fiat currency conversions with real-time FX rates
- Direct bank account transfers in 30+ supported countries.
- Gas fee optimization and advanced payment routing
With a working product about to launch and a top CEX listing imminent, Remittix is positioning itself as one of the rare presales combining immediate utility with strong upside potential, a stark contrast to the speculative nature of many current market movers.
Still trading below $0.10, experts call RTX the next 100x crypto opportunity and the early entrance slot might not stay for long.
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
