Following the Upbit listing revelation, the ORCA token has soared by 200%!
ORCA, the inherent token of the Orca decentralized exchange on the Solana blockchain, has seen a substantial increase, ascending over 200% in the past day. This notable upswing was prompted by the declaration that Upbit, a leading South Korean crypto exchange, would incorporate the token into its listings. Toncoin (TON) Value Forecast for March 26th
Upbit is set to present ORCA trading pairings with Bitcoin (BTC), Tether (USDT), and the Korean Won. Prior to the declaration, ORCA had remained comparatively inactive, lingering around $1 for the preceding month. The listing has driven the token to surpass $5, a benchmark unseen since December 2024.
The declaration specified that deposits were activated a couple of hours before trading began. In order to handle the preliminary instability, Upbit enforced certain trading limitations, notably restricting sell orders to a maximum of 10% beneath the prior day’s closing rate and limiting order categories for the initial hour of trading.
The closing rate from the previous day was fixed at 2,349 KRW (roughly $1.60 USD), considerably less than the present rate. The upswing commenced promptly after Upbit’s declaration on March 21st at 17:00 Korean time. ORCA acts as the governance token for the Orca protocol, which remarkably furnishes instruments for users to produce tokens without coding expertise.
Individuals possessing tokens are granted the ability to cast ballots on choices pertaining to the framework and put forth fresh strategies.
Upbit, a South Korean marketplace, asserts that every inclusion undergoes an intrinsic assessment procedure and that monetary remuneration isn’t mandated. Upbit has refuted prior claims suggesting that ventures must disburse brokerage charges to get their tokens indexed on the stage.
Wu Blockchain alleges that specific ventures have been compelled to remit intermediary levies equivalent to 3% to 5% of their aggregate token provision. These accusations originate from Wu Blockchain.
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