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Solana-Based DEX Orca's Native Token Skyrockets 92% as Upbit Announces Listing
ORCA's price topped the $3 mark for the first time since Jan. 26, according to data sources TradingView and CoinGecko.
What to know:
ORCA, the token native to the Solana-based decentralized exchange Orca, saw a remarkable increase of over 90% on Friday after being listed by Upbit, South Korea's top centralized exchange.
The Korean exchange said it is listing ORCA-Korean won (KRW), ORCA-bitcoin (BTC) and ORCA-tether (USDT) trading pairs, opening doors for the local traders, known to transact huge amounts of money in the altcoin market, to take exposure to the cryptocurrency.
ORCA's price topped the $3 mark for the first time since Jan. 26, according to data sources TradingView and CoinGecko. The token has been in a downtrend since peaking above $8.70 on Dec. 6.
As of writing, Orca was the 11th largest Solana-based DEX, with assets worth nearly $250 million locked on the platform, according to data source DefiLlama.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
알아야 할 것:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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