In a dramatic series of events, the cost of the $ORCA token has taken a nosedive, plunging almost 30% after a gigantic deposit by Wintermute, the famous market-making company. Just two days prior, Wintermute had received a huge amount of $ORCA tokens from the project and, in turn, dumped the full 2.5 million tokens (which equate to about $9.62 million) onto exchanges. This sudden deposit has profoundly affected the price of the token, sending it into a sharp downward spiral. Since Wintermute received the $ORCA tokens, the price has seen a steep 29.7% drop, plummeting from $3.642 to $2.56. The
The post Massive $ORCA Price Drop Following Wintermute’s Large Deposits into Exchanges appeared first on The Merkle News.
]]>The decentralized exchange (DEX) token of Solana, $ORCA, has taken the world of cryptocurrency by storm. It now stands as the top gainer among the top 500 cryptocurrencies for 24-hour changes. This recent surge has sparked not just excitement, but also some speculation across the market. Investors are now looking at $ORCA and asking how high it can go and how long that might actually be. The surge has definitely caught some attention, and what is probably sending it higher today is the recent listing on Upbit, one of the more prominent exchanges. While $ORCA has been hitting record highs,
The post $ORCA, Solana-Based DEX Token, Soars to Top Spot Amid Market Activity and Upbit Listing appeared first on The Merkle News.
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A notable surge in activity puts analysts’ eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?
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SOL recently rallied to $152 but will a decline in Solana’s network TVL negatively impact the altcoin’s price?
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USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.
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Norby said the “experiment” was part of a plan to onboard more people onto Solana, but the stores didn’t bring in as many users as they initially hoped.
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SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin.
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SOL price gave up a chunk of its recent gains, but data shows there are strong reasons for investors to remain bullish.
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The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana. Solana’s Orca Gets an $18 Million Capital Raise On […]
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On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole […]
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