ORCA Jumps 23% to $2.48 on Proposal to Redirect Protocol Revenue to Holders
- —ORCA gained over 23% in 24 hours to around $2.48
- —Trading volume hit 12 times the average level
- —Governance proposal includes staking rewards, buybacks and a possible fee switch
- —ORCA's RSI is above 80, signaling overbought conditions
Why it matters: If approved, the revenue-sharing mechanism would boost demand for ORCA and set a precedent for other DEX tokens.
Source: Bitcoin Sistemi