$22 Million Cardano On the Move: On-Chain Data Suggests It’s Headed Straight for New Altcoin Remittix

Massive whale movement detected—$22 million in ADA suddenly shifts chains.

Tracking the Digital Trail

On-chain analytics don’t lie. This isn’t casual profit-taking; it’s a strategic repositioning. The sheer volume—$22 million—points toward accumulation, not distribution. Remittix isn’t just another token; it’s positioned as a cross-border settlement layer, and someone with deep pockets is betting big.

Why Remittix?

High throughput, negligible fees, and a use case that actually stings traditional remittance corridors. While banks still charge 6% and take three days, Remittix promises settlements in seconds for pennies. Of course, it’s crypto—so it might also rug pull tomorrow. But for now, the smart money’s moving.

Timing is everything. With Cardano hovering near key support, this whale isn’t waiting. They’re front-running the next narrative shift—from staking to spending, from DeFi to real-world utility. Remittix could be that bridge.

One thing’s clear: when $22 million speaks, the market listens. Even if half of it is leverage and hope.

Key Takeaways

Uniswap whales appear to have resurfaced, as recent buys denote. The pulling of UNI off exchanges as the price falls below $10 could be a signal of a reversal. 

Uniswap [UNI] price fell below the $10 level after staying above it for the last month. The month of August has been different from previous cycles, which have been bearish for crypto markets.

From the anomaly in August of this year, traders anticipate the dip that precedes Q4 rallies to be in September.

The first few days have had mixed sentiments, but whales could be shaping a new narrative.

Whales are pulling UNI off the exchanges

According to OnchainLens data, whales were making their way back after a period of profit-taking. A notable transaction involved the purchase of 153,975 UNI valued at $1.5 million on CoW Protocol.

The whale not only scoops Uniswap, but also Maker [MKR] and Spark [SPK]. All these funds were later moved for liquidity provision.

More analysis indicated that UNI was gradually leaving exchanges, as seen in the Exchange Netflow data. On the day, about 55K tokens had been withdrawn, about 18K more than those pulled off the previous day.

Source: CryptoQuant

The shift came after 400K UNI was sent to exchange on the 1st of September, thus the price fell to $9.35. Rising exchange outflows usually signal accumulation phases for holders.

That said, will the shifting dynamics spark a reversal?

UNI holders eye reversal point

On the charts, UNI was approaching a key accumulation zone at $8.74 that previously initiated a 40% rally. During this rally, UNI price broke above resistance at $11 and was rejected instantly at $12.25.

The instant rejection made the surge past $11 a false breakout. Yet, another angle showed that the DeFi protocol was navigating inside a range between $8.74 and the tested resistance.

With holders intensifying the accumulation process, the stage was set for a reversal to the upside. The $9.74 and $8.74 levels were set as the optimal buying zone, as the whale action denoted.

Source: TradingView

Alternatively, the altcoin could dip below $8.74 for the liquidity beneath the equal lows. Sustained stay below it could invalidate the setup.

Meanwhile, the Chaikin Money FLOW (CMF) has been rising since the beginning of September. This confirmed the capital inflow into UNI despite the price continuing to decline.

However, more confirmations were needed for the reversal to actualize.

Volume surges as swaps become simpler

Ethereum [ETH] Layer 2 volume surpassed $50 billion with Unichain, Arbitrum [ARB], and Base in the lead. All the progress being made by Unichain through collaboration with others could play a huge role.

Unichain Labs partners with ed Wormhole to bring multichain tokens from main networks to Unichain. The interoperability was powered by Wormhole and aimed at making swapping simpler for their users.