Orca DAO has proposed acquiring an undisclosed Solana DeFi protocol to expand its credit and yield products, sparking an 84% surge in the ORCA token price. The plan includes changing fee distribution to allocate 10% to staking rewards, 10% to team-managed buybacks, and 80% to operations, plus moving nearly 20% of the token supply to a team-controlled account for acquisitions. The proposal also suggests dissolving the current Governance Council, raising concerns about reduced staking rewards and centralized control. Voting closes on October 10, 2026, with the community awaiting the acquisition target and impact on Orca's growth.
The ORCA token has surged 84% recently, yet on Pluang as of Oct 07, 2026 21:24 WIB, it shows a more modest 7.98% gain in the last day, trading at Rp49,846. This price sits within a market cap of Rp2.95 trillion and a 24-hour trading volume of Rp6.32 trillion, reflecting active investor interest. Despite the recent spike, ORCA's typical hold time on Pluang is 33 days, indicating relatively short-term trading compared to some other assets.
Orca DAO is seeking approval to acquire an unnamed leading Solana DeFi protocol, aiming to transfer key treasury assets to team control. The proposal includes redirecting 80% of protocol fees to development, operations, and growth, with 10% each for ...
Orca, a Solana-based liquidity protocol, has proposed creating a team-operated account dedicated to token buybacks, aiming to allocate 10% of fees to this account through a new fee-sharing arrangement. This proposal comes as the token has surged over...
