ORCA has surged over 210%, hitting its highest value this year following the announcement of its listing on March 21.
According to data from CoinGecko, this whale-themed token has successfully crossed the $5 mark for the first time in 2025. As of now, the Solana (SOL)-based cryptocurrency has experienced an impressive nearly 215% increase in the last 24 hours of trading, currently sitting at $5.07. The last time it reached this level was in December 2024.
Over the past month, the token has been relatively stable, hovering around the $1 range and struggling to rise above $2. The remarkable price surge occurred shortly after Upbit, the leading cryptocurrency exchange in South Korea by trading volume, revealed that it would be listing ORCA starting from March 21 at 17:00 KST.
The announcement indicated that trading would be available against Bitcoin (BTC), Tether (USDT), and Korean won pairs.
Users will be able to start depositing and withdrawing the token two hours post-announcement, which is approximately an hour before trading commences.
Buy orders for ORCA will be limited for the first five minutes once trading support begins. Additionally, all types of orders, except limit orders, will be restricted for one hour after trading support launches.
Furthermore, the prices for sell orders will be set at a minimum of 10% below the previous day’s closing price. According to the announcement, the prior day’s closing price was capped at 2,349 Korean won, or roughly $1.60, almost 70% lower than the current price surge.
ORCA serves as the native token for a decentralized exchange and automated market maker protocol of the same name. Built on the Solana blockchain, Orca offers users tools to create tokens without requiring any coding skills. ORCA also acts as a governance token, enabling holders to propose agenda items and vote on decisions related to the protocol.
Earlier today, Upbit refuted claims that token projects are required to pay a brokerage fee for listing on its platform. The exchange asserted that all listings undergo an internal review process without the expectation of financial compensation.
These allegations were made by Wu Blockchain, which asserted that numerous projects were obligated to pay intermediary fees ranging from 3% to 5% of their total token supply.
Disclosure: This article does not serve as investment advice. The content presented here is intended for educational purposes only.