Orca (ORCA), the concentrated-liquidity decentralized exchange on Solana (SOL), gained roughly 28% in 24 hours to trade near $2.10.

Orca Price Move And Volume Data

The token's 24-hour turnover reached about $187 million against a market cap near $127 million, according to data aggregated by CoinGecko.

That puts the volume-to-market-cap ratio at roughly 1.5x.

ORCA also climbed about 27% against Bitcoin (BTC) and 28% against Ether (ETH) in the same window, signaling a token-specific bid rather than a broader market lift. CoinGecko ranks the asset at 243 by market cap.

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Why Traders Are Watching ORCA

Orca operates a concentrated liquidity model through its Whirlpools product, which launched in 2022 and competes with Raydium for Solana DEX share.

Liquidity providers can deploy capital within set price ranges, improving fee yields versus standard automated market makers.

No protocol upgrade or partnership has been confirmed as the trigger. Google Trends shows "orca crypto" rising as a search query, suggesting retail discovery is part of the move.

ORCA traded above $5 during peak cycles, and a similar 63% one-day surge was recorded on Apr. 26, when the token hit $1.55 on $348 million in volume, underscoring its sensitivity to swings in Solana DEX activity.

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