Orca ORCA

What ORCA actually is on-chain

Orca is an SPL token deployed on Solana, at contract address orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZE. That address, not the ticker ORCA, is what uniquely identifies this asset: anyone can deploy a second token calling itself ORCA, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means ORCA is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading ORCA is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For ORCA the project publishes a public source repository and an active account as @orca_so. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where ORCA sits in the market

#313 places Orca in the middle of the mid-cap band. This is where continuous two-sided quoting stops being guaranteed. ORCA still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 5 live ORCA order books (Binance, Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #313 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

ORCA against its all-time high

ORCA trades 92.1% below its $20.33 record (on 2021-10-02), which puts a 12.6x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

ORCA across its historical range

The recorded range runs 57.9x, from $0.3511 to $20.33 — wide by the standards of traditional assets, moderate for this one's class.

ORCA trades roughly 4.60x above its record low of $0.3511 (on 2022-06-19). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

ORCA supply structure

ORCA is capped at 100.0 million ORCA, of which only 60.8 million is circulating — 60.8% issued, leaving 39.2 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset ORCA is

Orca is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files ORCA under 9 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming, Automated Market Maker (AMM). CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: ORCA is tagged as US-originated.

How to set a Orca alert that is worth receiving

Orca is the SPL token at orcaEK…ktZE on Solana — quoted on 5 venues we stream — high dated 2021-10-02 — rank #313. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →