Orca DEX token rally adds 12% on late buying

Orca DEX token rally adds 12% as late buying lifts its weekly run

Orca DEX ($ORCA) traded at $2.22 at 5:39 p.m. ET on Oct. 5, up 12% in 24 hours after a late-afternoon burst of buying.

Orca DEX ($ORCA) is moving again on Monday. The Orca DEX token rally adds 12% in 24 hours to $2.22 as of 5:39 p.m. ET, according to CoinGecko. Solana ($SOL) slipped 0.6% over the same day.

The quick take

Price: $ORCA at $2.22, +12% ↑ in 24 hours and about +30% ↑ in seven days (CoinGecko, 21:39 UTC).
Trigger: a late burst of buying lifted Binance hourly readings from $2.00 at 1 p.m. ET to $2.24 at 4 p.m. ET.
Watch: Orca DEX’s locked value rose 7.3% in a week to $322.6 million (DefiLlama).

What happened

$ORCA drifted for most of the day. On Binance’s ORCA/USDT pair, hourly readings stayed between $1.97 and $2.12 from Sunday evening until early Monday afternoon ET. Then buyers stepped in, and the price held near $2.21 into the evening.

CoinGecko puts the 24-hour range at $1.96 to $2.28. The token is up 73% over 30 days. It still trades 89% below its record of $20.33 from October 2021.

Why it moved

The cause of the move is not confirmed. The token rose while most large coins were flat or lower.

Activity on the exchange itself is strong. DefiLlama’s latest daily figure puts Orca DEX volume at $307.6 million, second on Solana behind PumpSwap at $397.8 million. The value locked in Orca’s pools reached $322.6 million, up 7.3% in a week.

Who’s buying and selling

Turnover was heavy for a token of this size. CoinGecko counts $88.5 million in 24-hour volume against a market value of $135 million.

On-chain trade counts lean slightly toward sellers. The largest ORCA/SOL pool on DexScreener logged 13,844 buys and 14,154 sells. GeckoTerminal’s top ORCA/SOL pool showed 1,324 buys against 2,136 sells. These counts track the number of trades, not their size.

What to watch next

Watch whether $ORCA keeps its late gain or slips back into the $1.97 to $2.12 band it held for most of Monday. Also watch Orca DEX’s place in DefiLlama’s Solana volume ranking. Bitcoin ($BTC) slipped 0.1% in 24 hours, per LiveCoinWatch, so this move stands apart from the wider market.

Bottom line: $ORCA’s 12% gain came in a late-afternoon burst, with busy trading on Orca DEX but no confirmed cause.

Price data: CoinGecko, cross-checked with Jupiter’s price feed.