Orca Token Soars as Community Vote Approaches Deadline

The Orca token has experienced a dramatic price surge this week, exceeding $3.4345 on Friday – its highest level since March 22. This rise was fueled by a crucial network vote in its final stretch and the growth of decentralized exchange applications within the Solana ecosystem. Orca’s market capitalization has surged to over $160 million, while its seven-day trading volume exceeded $500 million, highlighting investor confidence. The surge was driven by a combination of factors, with Orca achieving the highest transaction volumes on DeFi Llama for the past week, surpassing Raydium in both volume and cumulative value. 7-day trading volume is up 43% since last week, influenced by a rebound of popular Solana meme coins like Fartcoin (FARTCOIN) and Popcat (POPCAT). This momentum has been further strengthened by a community vote on a major governance proposal. The proposal involves a token buyback to fund the team for two more years and will burn 25% of tokens. The proposal, which closes on April 14th, is garnering overwhelming support with over 3.37 million