Orca Price Surges 28% in 24 Hours on Strong Trading Volume
Orca (ORCA), a decentralized exchange on Solana (SOL), has seen its price surge by around 28% in just 24 hours, reaching nearly $2.10.
The token's trading volume reached approximately $187 million, significantly exceeding its market capitalization of around $127 million.
This puts the volume-to-market-cap ratio at roughly 1.5x, indicating strong demand for the asset.
Notably, this price increase is not part of a broader market lift, as ORCA climbed by about 27% against Bitcoin (BTC) and 28% against Ether (ETH) in the same time frame.