ORCA Token Spikes 90% After Upbit Listing, Breaks $3 for First Time in Months
The Solana-based decentralized exchange (DEX) Orca’s native token, ORCA, surged over 90% on Friday following its listing on Upbit, South Korea’s largest cryptocurrency exchange.
Key Developments:
- Upbit introduced ORCA trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT), giving South Korean traders—who are known for driving high altcoin volumes—direct exposure to the token.
- The token’s price soared past $3, a level it hadn’t reached since January 26, according to TradingView and CoinGecko.
- ORCA had been in a steady decline since peaking at $8.70 on December 6, but the Upbit listing appears to have renewed market confidence.
- With $250 million in total value locked (TVL), Orca remains the 11th largest Solana-based DEX, per DefiLlama data.
The listing on Upbit has injected fresh liquidity and interest into ORCA, further solidifying its role within the growing Solana DeFi space.
