ORCA surges over 200% after Upbit listing announcement

Orca Skyrocket more than 210%, reaching its highest peak this year after Upbit announced its list on March 21.

According to data From Coingecko, the Killer-Whale theme was able to break the $ 5 threshold for the first time this year. At the time of the press, the Solana (GROUNDThe part based on) increased by almost 215% in the last 24 hours of negotiation. The token is currently negotiated at $ 5.07. The last time he reached this level was in December 2024.

Throughout last month, the token remained somewhat stagnating, fluctuating only around the $ 1 bar, having never managed to reach more than $ 2. Price overvoltage came shortly after Bitbiggest South Korean Crypto Exchange by Trading Volume, announced that it registers Orca on its platform from March 21 at 5:00 p.m. kst.

Depending on the review, the token will be available to trade with Bitcoin (BTC), Tether (USDT) and Korean have won pairs.

Users can start to deposit and withdraw the token two hours after publication of the opinion, about an hour before the platform begins to provide commercial support.

Orca purchase orders will be limited for five minutes after Upbit began commercial support. Meanwhile, all types of orders, with the exception of limit orders, will be limited for an hour after the start of commercial assistance.

In addition, the prices of sales orders will be capped at a minimum of 10% less than the closing price of the day before. On the basis of the opinion, the closing price of the day before orca is capped at 2,349 Korean won or approximately $ 1.60, or almost 70% below the current price to which it jumped.

Orca is the native token of decentralized exchange and the protocol of automated market manufacturer of the same name. Orca is a project built on the Solana blockchain which provides users with tools to create tokens without the need to code. Orca is used as a governance token for the protocol. The token holders are able to offer agendas and vote on decisions concerning the protocol.

Earlier in the day, Upbit denied accusations according to which projects must pay a brokerage house costs If they want to listen to their tokens on the platform. The South Korean exchange said that all announcements go through an internal examination process without requesting financial compensation.

The allegations came from Wu Blockchain, who said that several projects had to pay intermediary fees ranging from 3% to 5% of their total token offer.