The price of ORCA, the native token of the Solana-based decentralized exchange Orca, has surged following its recent listing on the South Korean cryptocurrency exchange Upbit.
Price Surge Post-Listing
According to CoinMarketCap data, ORCA's price increased by more than 170%, reaching an annual high of $5.1021 from a low of $1.56.
Details of the Upbit Listing
The main reason for this surge is Upbit's announcement to support trading in ORCA with KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs on March 21st. Trading commenced at 17:00 KST on the same day. Upbit's listing attracted significant attention, particularly from South Korean investors, resulting in a sharp increase in price and trading volume.
Current Market Dynamics and Analysis
ORCA, which had been declining since December 6th, regained traction with its listing on Upbit, reaching $5 for the first time in 2025. Currently, ORCA is trading at $3.69, representing a 132% increase over the past 24 hours, 148% over the past week, and 194% over the past month. ORCA's market capitalization now stands at $195.95 million, showing a 131% growth. Its 24-hour trading volume has risen to $441.54 million, indicating high market activity and liquidity. Analysts anticipate a short-term retracement as the RSI suggests overbought conditions. Key levels to watch are $3.50 as support and $4.50 as resistance.
The listing on Upbit has significantly impacted ORCA's price and trading activity. Despite short-term correction forecasts, the move has helped ORCA strengthen its market position.
