Orca Price Soars by 28% Amid $187M Trading Volume

Orca (ORCA), the decentralized exchange on Solana (SOL), saw its price surge by nearly 28% in a single day, with trading volume reaching around $187 million.

The token's market cap is approximately $127 million, resulting in a volume-to-market-cap ratio of roughly 1.5x.

Orca's price climb against Bitcoin (BTC) and Ether (ETH) was also significant, with gains of about 27% and 28%, respectively.

This development suggests that the upward movement is driven by token-specific interest rather than a broader market trend.