Orca, a liquidity protocol in the Solana ecosystem, posted a 9.78% gain on Oct. 7 and was up more than 80% over the past seven days, according to HTX market data. The token was quoted at $2.903 at the time of the report. On the catalyst side, Orca recently introduced a fee-sharing proposal that would add a 10% buyback account operated by the team. The proposal is scheduled to close on Oct. 10. The move came as the token outperformed broader market action on the day, with BlockBeats describing the price move as a contrary rise.
Orca, a liquidity protocol in the Solana ecosystem, rose 9.78% on Oct. 7, defying the broader market trend, according to HTX market data. Over the past seven days, the token had gained more than 80% and was last quoted at $2.903.
On the news front, Orca recently launched a fee-sharing proposal that would create a 10% buyback account operated by the team. The proposal is set to conclude on Oct. 10.
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