Earlier today, the largest crypto exchange in South Korea, Upbit, announced the listing of Orca (ORCA). This announcement triggered a significant price spike for the digital asset.
Upbit ORCA Listing Announcement
In its official notes, Upbit announced that it will list ORCA and begin trading for the following pairs: ORCA/KRW, ORCA/BTC, and ORCA/USDT. Following the announcement, the price of ORCA began an ascendant trajectory.
ORCA Price Surges
At the moment of writing this article, ORCA is trading at $2.94, with a market cap of over $157 million. The coin is up by over 82% in the past 24 hours. Ahead of the exchange’s announcement, ORCA was trading above $1.56, with a market cap of around $83 million, and after Upbit revealed its upcoming launch today, the digital asset debuted an ascendant trajectory, spiking by over 50%. Currently, ORCA has a 24-hour trading volume of over $58.8 million, up by more than 633% for the day. The digital asset’s total supply is 99.98 million tokens, and the circulating supply is 53.27 million tokens. ORCA reached its ATH on November 8th, 2021, at $18.62.
Orca's Role in the Ecosystem
Orca is a decentralized exchange (DEX) on the Solana platform that allows users to swap assets, provide liquidity, and earn yields. Projects can use the DEX to integrate swapping, farming, or on-chain data into their dApps.
The listing of ORCA on Upbit has been a significant event for the crypto market, emphasizing the growing interest in decentralized solutions on the Solana platform. The price dynamics and trading volumes reflect high demand for this asset.
