Orca ($ORCA ), the governance token of the leading user-friendly DEX on Solana, is showing strong momentum today.
The token is trading around $1.18, up approximately 50% in the last 24 hours amid high trading volume exceeding $290M.
This surge appears driven by a short squeeze, increased exposure via integrations like Nansen NX8, and Orca's ongoing buyback mechanism allocating 30% of protocol fees.
The DEX maintains robust fundamentals with TVL over $250M and remains a top venue for Solana liquidity pools, including LST trading.