OrcaORCA

The governance token of Orca, a Solana decentralized exchange whose stakers receive part of trading fees.

Rank #290Since August 2021

Price on 31 Oct 2026

C$2.13 +36.8% since 31 Jul 2026 · 91.7% below its all-time high

The short version

Orca is a concentrated-liquidity exchange on Solana with a token launchpad, Wavebreak; ORCA started trading with liquidity mining on 10 Aug 2021. On 8 Oct 2026 the Orca team merged with the lending protocol Loopscale into a new company, Formation. A 29 Sep 2026 proposal would cut stakers' fee share from 40% to 10% and move 14.2M treasury ORCA to team control; no result was found by 31 Oct. On 31 Oct 2026 one ORCA cost C$2.13. From 31 Jul 2026 to 31 Oct 2026 its price changed +36.8% in Canadian dollars, and it was 91.7% below its all-time high of C$25.71 set on 2 Oct 2021.^[1]

Checked 31 Oct 2026 · 14 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$4.58 (7 Oct 2026) · low C$1.03 (11 Feb 2026) · +4.0%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$2.15	US$1.54
30 Sep 2026	C$2.29	US$1.61
31 Aug 2026	C$1.78	US$1.29
31 Jul 2026	C$1.63	US$1.16
30 Jun 2026	C$1.72	US$1.21
31 May 2026	C$1.74	US$1.26
30 Apr 2026	C$2.24	US$1.65
31 Mar 2026	C$1.17	US$0.8393
28 Feb 2026	C$1.52	US$1.11
31 Jan 2026	C$1.72	US$1.27
31 Dec 2025	C$1.51	US$1.10
30 Nov 2025	C$1.99	US$1.42

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$2.13^[1]
3-month change: +36.8% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 91.7% below its high of C$25.71 (2 Oct 2021)^[1]
Market rank: #290, market value about C$129.5M^[1]
Kind: Token · Solana (SPL token)
Started: August 2021

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?Not disclosedMint authority not revoked; held by a program-derived address whose controller is unconfirmed^{[2, 3]}

Can anyone freeze or take coins from holders?NoGoPlus finds no freeze authority and no balance-change authority^[2]

Can the token's contract code be changed?NoStandard Solana token with no code of its own to change^[2]

Is the supply capped?NoSupply is 75M after a burn, but the mint authority has not been revoked^{[2, 4]}

Any scheduled unlocks in the next 12 months?NoNo vesting remains; the 14.2M treasury ORCA has no release schedule^[4]

Does a team or foundation hold over 10% of supply?YesCommunity treasury holds about 14.2M ORCA, 19% of the 75M supply^{[5, 4]}

Do network fees reach coin holders?Yes40% of protocol fees go to xORCA stakers; a pending proposal would cut it to 10%^{[6, 5]}

Main network hacked or halted in the past 2 years?NoNo exploit of Orca in DefiLlama's hack records^[7]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case naming Orca found^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Orca team, merged with Loopscale into Formation on 8 Oct 2026; Orca DAO and Council govern^{[8, 9]}
Treasury: Community treasury about 14.2M ORCA; fee treasury about 70K SOL^[5]
Mint authority: Still active on 1 Nov 2026, held by a program-derived address; no freeze authority^{[2, 3]}

Supply

In circulation: 60.80M ORCA of a 100.00M maximum (60.8%)^[1]
Fully diluted value: 1.23 times its current market value^[1]
Supply: 75M ORCA after 25M of the original 100M were burned^[4]
Insiders at launch: About 39% of the original 100M (team, private sale, advisers, grants); all unlocked^[4]
Unlocks: No vesting left; 14.2M treasury ORCA sit outside circulation^[4]

Use and fees

Fee split: Trading fees: 87% to liquidity providers, 12% to the protocol treasury, 1% to a climate fund^[10]
To stakers: 40% of protocol fees fund ORCA purchases for xORCA stakers: US$2.08M in the past year^{[6, 11]}
Fees: US$65.5M of fees and US$8.1M of protocol revenue in the past year^[11]

Trading

Daily trading: About C$26.9M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 9.98% of its market value changes hands each day^[1]
20-week average: 8.7% above its 20-week average price^[1]
1-year change: +3.0% in C$^[1]^[12]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins

33% were higher a year later^[13]

Typical result: Median -38% after a year; 33% higher after two years
Lost half or more: 44% within a year
Against Bitcoin: 11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

The 29 Sep 2026 proposal, with voting due to close 10 Oct, would also dissolve the Orca Council; no result was found by 31 Oct.^{[5, 14]}
ORCA's token terms were not changed by the 8 Oct 2026 merger into Formation.^[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.