Remittix: Whales Shift Capital Amidst Crypto Market Volatility

Crypto markets experienced a sharp correction following the release of hot-than-expected U.S. Producer Price Index data, resulting in substantial losses for major Layer 1 tokens like Solana, Cardano, and XRP. Solana saw its price drop to $187.55, while Cardano’s rally faded, retracing from highs near $1.01. XRP also witnessed selling pressure, falling from $3.30 to $3.10 as whales exited the market. This volatility has accelerated capital rotation among high-net-worth investors who are seeking promising projects with strong presale momentum before their public listings.