Ethereum Dips to $2,400 as Whales Drop $15M on Remittix—Is This the Next 10,000x Play?

Ethereum’s price slides to $2,400—a 12% weekly drop—while crypto whales pivot to Remittix, dumping $15M into the obscure token overnight. Is this the moonshot gambit retail traders crave, or just another liquidity trap?

Whale wallets moved aggressively into Remittix despite Ethereum’s slide, sparking speculation about coordinated accumulation. The token’s 24h volume spiked 1,900%, but skeptics note its whitepaper reads like a ChatGPT hallucination.

Meanwhile, ETH struggles as gas fees crater to 6-month lows—proof even ’ultrasound money’ isn’t immune to bear market gravity. As one trader quipped: ’The only 10,000x move here is your portfolio’s volatility.’

Massive ETH Liquidation Sparks Market Caution

Ethereum has entered the week under renewed pressure, slipping to around $2,400 as on-chain data reveals a sharp move by large holders. According to Lookonchain, two major ethereum whales unloaded over 7,300 ETH within just three hours on May 19, totaling more than $17.7 million in sales.

Wallet 0xD20E alone sold 4,718 ETH for a tidy $11.53 million, locking in a profit of $3.18 million, while wallet 0x9BDa followed suit with a $6.23 million selloff. The timing and scale of these liquidations have caught the market’s attention.

Traders see this as more than routine profit-taking—it signals a possible pivot in sentiment among Ethereum’s biggest players. ethereum price has now dropped nearly 4.2% in 24 hours, and it’s not just spot prices feeling the heat. CoinGlass reports that over $158 million in leveraged positions were liquidated during the same period, wiping out overextended bets across the board.

Ethereum Faces Resistance Near $2,460 and $2,500

Technically, Ethereum price failed to hold above $2,520, a key resistance that now flips into a ceiling. It has since fallen through crucial support zones, including $2,500 and $2,440, landing near the 50% Fibonacci retracement zone of the $2,308–$2,509 range. The $2,400 mark remains a fragile line in the sand.

Ethereum is now trading below its 100-hourly SMA, and short-term resistance sits around $2,460, with more significant hurdles at $2,500 and $2,550. Bulls will need a clean break above $2,580 to shift the trend toward $2,700 and potentially $2,780.

Still, Ethereum remains in a critical trading zone where any breakout could spark rapid upside. But with whales quietly rotating capital into promising early-stage projects like Remittix, some traders are beginning to wonder if the real 10,000x opportunities are now elsewhere. The short-term pressure on ETH may just be the start of a broader reallocation phase.

Investors Snap Up RTX Ahead of Next Price Increase

While Ethereum battles sell pressure and price volatility, Remittix (RTX) is quietly becoming the altcoin that smart money is chasing. With its presale surging past $15.1 million, investors are starting to realize that this isn’t just another flashy token. It’s a blueprint for disrupting the trillion-dollar payments industry. Still priced at $0.0757, RTX looks underpriced for what it offers, especially with the next stage set to increase its price to $0.0757.

Remittix has already established itself as a serious player in the emerging PayFi sector. It lets users convert over 100 cryptocurrencies into fiat and send them directly to bank accounts in 30+ currencies. It removes the traditional roadblocks, slow transfers, high fees, and middlemen by offering near-instant settlement at a flat 1% fee. That simplicity is what’s giving Remittix real-world utility from day one.

Beyond individual use cases, its Remittix Pay API is what’s really gaining traction. Businesses can now accept crypto payments from anywhere in the world and settle them locally, all without needing to interact with a crypto exchange. That level of frictionless integration is exactly what’s been missing in the payments sector.

Now, with whales moving capital from Ethereum into more agile, high-upside plays, Remittix stands out. It offers both narrative and numbers—real utility, clear product-market fit, and compliance built into its architecture.

If Ethereum’s correction signals a broader market rotation, then RTX may be the breakout token positioned to ride the next wave. With tier 1 exchange listings likely on the horizon, RTX could turn its current momentum into the kind of parabolic growth that investors dream about.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials:https://linktr.ee/remittix