Orca DEX token falls 5.6% as its weekly slide deepens again

The Orca DEX token trades at $1.91 at 11:41 a.m. ET on Thursday, down 5.6% in 24 hours, as its seven-day loss widens to 26%.

The quick take

Price: $ORCA trades at $1.91, -5.6% ↓ in 24 hours, per CoinGecko as of 11:41 a.m. ET.
Trigger: No Orca announcement explains the drop, which extends a seven-day loss of 26%.
Watch: Whether the $1.84 daily low holds and buy trades keep their small lead in the main pool.

The Orca DEX token falls again on Thursday. Orca DEX ($ORCA) trades at $1.91 as of 11:41 a.m. ET, down 5.6% in 24 hours, according to CoinGecko. Jupiter’s price feed shows the same level, within 0.02%.

What happened

The 24-hour range runs from a high of $2.02 to a low of $1.84, CoinGecko data show. On Binance’s ORCA/USDT pair, hourly closes slipped to $1.85 in the late morning ET, then bounced to $1.92.

The drop extends a rough week. $ORCA is down 26% over seven days, yet it still holds a 45% gain over 30 days. It trades about 91% below its record high of $20.33, set in October 2021.

Why it moved

No Orca announcement in the last 24 hours explains the drop, so the cause is not confirmed. The wider market is calm. Solana ($SOL) is up 1.5% in 24 hours on CoinGecko, and Bitcoin ($BTC) is up 0.6%, per LiveCoinWatch.

That leaves $ORCA moving on its own, as the token gives back part of its 30-day gain.

Who’s buying and selling

Buyers keep a slight edge in the main pool. In the ORCA/SOL pool on Orca, DexScreener counts 2,250 buys and 2,168 sells over 24 hours, with $981,488 in liquidity. GeckoTerminal shows a similar split: 2,249 buys and 2,120 sells.

Across all markets, $ORCA trading volume reaches $12.5 million in 24 hours, CoinGecko says. Its market value stands at $116.3 million.

The exchange itself stays busy. Orca DEX leads Solana’s decentralized exchanges with $383.6 million in volume in DefiLlama’s latest 24-hour reading. Its total value locked is $295.8 million, down 7.4% over seven days.

What to watch next

Watch whether $ORCA holds above the $1.84 daily low. A move back above $2.02 would undo the last day’s drop. Also watch whether buy trades keep their lead in the ORCA/SOL pool, and whether Orca’s exchange volume stays on top.

Bottom line: $ORCA slides 5.6% in a calm market, while the Orca exchange still leads Solana DEX volume.