Orca Trading Volume Skyrockets 926% as Price Climbs 57%: What’s Behind the Momentum?

The cryptocurrency market pulled back after a recent rally driven by a tariff pause announcement, which had sent major coins climbing with double-digit gains.

Despite the cooldown, market sentiment remained cautious, with the Crypto Fear and Greed Index staying low at 21 out of 100.

Orca ($ORCA), a decentralized exchange (DEX) on the Solana network, stood out from the broader market downturn.

In the last 24 hours, Orca’s trading volume rose by 926%, pushing its token price up 57% to a session high of $3.23 before settling around $3.07.

Orca’s Position in Solana’s DEX Market

Launched in February 2021, Orca is one of the earliest and most user-friendly AMMs (automated market makers) on the Solana blockchain.

The platform supports token swaps, liquidity provision, and yield earning, serving both beginners and experienced DeFi users.

It ranks second in trading volume among Solana DEXs, behind only Raydium.

According to DeFiLlama, Orca’s 7-day trading volume stands at $3.15 billion, with a TVL of $234.77 million.

Its $234.77 million TVL remains far below the $1.35 billion high it reached before the FTX collapse.

Orca’s “Aquafarms” are liquidity pools where users stake tokens to earn $ORCA rewards. Yields currently reach up to 9.30% APY.

Key Catalysts Behind Solana and Orca’s Recent Uptick

Solana’s network handled 54.6 million transactions in a single day during the recent launch of the $TRUMP memecoin—well above most chains averaging under 10 million.

🚨BREAKING: @solana surpasses all other chains in 24-hour DEX volume. pic.twitter.com/w4zM8ij7SL

— FOMO (@magFOMO) April 10, 2025

Its low fees and fast processing have made Solana a preferred option for developers and high-frequency traders.

Technical Setup Suggests Short-Term Caution for Orca

The 4-hour chart of $ORCA/$USDT shows the token consolidating between $2.60 and $2.90 before breaking out with a sharp 25% surge, reaching a session high of $3.23 before easing to around $3.07.

This breakout followed two clear bullish divergences on the RSI Divergence Indicator, signaling mounting upward pressure ahead of the move.

The Relative Strength Index (RSI) now sits at 82.22, placing $ORCA in overbought territory.

While this highlights strong momentum, it also points to a potential short-term pullback or period of sideways consolidation.

Currently, $ORCA is testing a key resistance range between $3.05 and $3.70.

A decisive break above this zone could open a path toward the $4.00–$5.00 level, assuming trading volume remains strong and sentiment holds.