- ORCA token surges 229% on March 21st, tripling its value within 24 hours as trading volume skyrockets on newly added Upbit trading pairs
- One of Solana’s first DEX-native tokens sees unprecedented growth amid heightened demand and rising investor interest
- Orca token’s listing on South Korean exchange Upbit catalyzes significant price increases, highlighting growing attention toward Solana-based decentralized finance projects
A lesser-known token is trending today, outperforming nearly all assets on the market, raising curiosity and interest from investors, at a potential chance to still join the trend early. During its highest point today, this token in question saw a whopping 229% increase in value, cementing it as one of the most profitable digital assets of March 21st.
What Is The ORCA Token?
The Orca token (ORCA) is the native cryptocurrency of Orca, one of the first decentralized exchanges (DEXs) launched on the Solana blockchain in February 2021. As a pioneer in the Solana ecosystem, Orca introduced a user-friendly platform for token swaps, liquidity provision, and yield farming.
Furthermore, the ORCA token plays a key role in governance, allowing holders to propose and vote on decisions that shape the platform. It also supports staking, liquidity pools, and rewards, making it an essential part of the DEX’s functionality.
Why Did ORCA Surge By 229%
The Orca DEX native token saw a significant boost in value on March 21st, gaining nearly 230% during its daily peak. To put it into perspective, this growth has effectively multiplied the value of the token by approximately 3.3 times its value yesterday.
Such a monumental market monument surely must have an underlying reason behind it, right? The cryptocurrency saw this significant boost after the Korean centralized exchange Upbit announced it would be listing ORCA-Korean Won and ORCA-BTC trading pairs on its platform.
According to CoinMarketCap, the currency is now trading at a 90% increase over the last 24 hours, currently valued at $2.96.
Is The ORCA Token Safe?
As a lesser-known altcoin, this token is more subject to volatility, be it for better or for worse. The Orca token has a market capitalization of $164.6 million and a Total Value Locked (TVL) of $258.32 million.
Other than that, the project can be considered a “mature” cryptocurrency in the market, being around for four years now. Orca has a relatively large following on social media, with over 170,000 Twitter followers, and its official website details plenty of information about the project.
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