ORCA Token Surges 19.81% Amid Short Squeeze, Whale Accumulation, and Solana Partnership Impact
ORCAUSDT experienced a significant price surge in the past 24 hours, rising 19.81% to $1.240 on Binance, primarily driven by a short squeeze in the derivatives market, increased whale accumulation, and active DAO treasury buybacks. The rally was supported by high trading volumes, notably over $182 million within a day, with more than 75% of activity concentrated on South Korean exchanges. Additional momentum came from strategic developments including a partnership to enhance Solana liquidity, integration with Immunefi’s security platform, and the token's inclusion in the Nansen NX8 index. Current market data shows ORCAUSDT trading between $0.76 and $1.31 across platforms, with a 24-hour high of $1.265 and a low of $0.7255, and a market capitalization ranging from $46.90 million to $75.80 million.