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 xORCA rewards and team-managed ORCA buybacks. It plans to move about 14.2 million ORCA tokens from the community treasury to a Strategic Account for acquisitions and manage 70,000 SOL for staking and liquidity strategies. The acquisition could increase Orca's total value locked by roughly 50%, though financial details and the target's identity remain undisclosed. Voting closes on October 10, with a two-day cooldown if approved.
Following Orca DAO's proposal for a major treasury overhaul, ORCA tokens have gained significant momentum on Pluang. As of Oct 07, 2026 21:24 WIB, ORCA trades at Rp49.846, up 7.98% in one day, with a market cap of Rp2,95 trillion and a 24-hour trading volume of Rp6,32 trillion. Pluang users show a balanced sentiment with 52% buying and 48% selling, and the typical holding period is 33 days.
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-ma...
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...
