$ORCA
As of February 17, 2026, Orca (ORCA)—one of the foundational Decentralized Exchanges (DEX) on Solana—is navigating a period of technical consolidation and governance evolution. Despite the "Extreme Fear" currently affecting the broader altcoin market, ORCA remains a high-beta favorite for Solana ecosystem bulls.
1. Market Performance & Health
Current Price: Approximately $0.78 – $0.81.
Recent Momentum: ORCA is currently seeing a +5.3% bounce in the last 24 hours, attempting to recover from a 30-day drawdown of -30%.
Market Cap: Roughly $47 Million – $49 Million, ranking it around #385 globally.
Volume: 24-hour trading volume is solid at $4 Million – $5 Million, showing that it maintains deep liquidity despite the price compression.
Supply Status: Circulating supply is 60.16 Million out of a capped max supply of 100 Million.
2. The 2026 "Value Accrual & Buyback" Narrative
The primary driver for ORCA in 2026 is its transition from a pure utility token to a deflationary asset:
The Treasury Buyback Program: A major governance proposal is currently active (live as of late 2025/early 2026) to use approximately 55,000 SOL from the DAO treasury to fund ORCA buybacks over the next 24 months.
Fee Redirection: If fully implemented, 30% of protocol fees would be directed toward these buybacks, creating a permanent source of demand and reducing the circulating supply.
Competitive Edge: While Raydium and Jupiter dominate memecoin volume, Orca’s Whirlpools (CLMM) remain the preferred choice for professional liquidity providers (LPs) due to their high capital efficiency. #orc #bnb #BTC #xrp #pep