Orca Price Soars 28% in 24 Hours Amid Strong Buying Pressure
Orca (ORCA), a concentrated-liquidity decentralized exchange on Solana (SOL), has seen its price surge by approximately 28% in just 24 hours, trading near $2.10.
The token's 24-hour turnover reached around $187 million against a market cap of roughly $127 million, according to data aggregated by CoinGecko.
This puts the volume-to-market-cap ratio at about 1.5x, indicating strong buying pressure in Orca.
Notably, the price increase is not solely due to a broader market lift, as Orca climbed around 27% against Bitcoin (BTC) and 28% against Ether (ETH) during the same period.