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Why Is Solana DEX ORCA Price Skyrocketing 170% Today?
The ORCA token of Solana DEX Orca has seen a significant price surge following Upbit exchange’s recent listing. Notably, the ORCA price skyrocketed by a staggering 170%, hitting the highest point this year.
Interestingly, the ORCA price today reached a yearly high of $5.1021 from a mere low of $1.56. This surprising uptrend is primarily driven by South Korean crypto exchange Upbit’s new trading support for ORCA.
Let’s unveil the ORCA price’s recent uptick and Upbit’s significant contribution to the token’s bullish trend.
ORCA Price Skyrockets After Upbit Announces Support
In a surprising development, the South Korean crypto exchange Upbit, has announced trading support for ORCA, the native token of the Solana-based decentralized exchange (DEX), Orca.
On March 21, Upbit has confirmed the listing of Orca’s native token, ORCA, paired with KRW, BTC, and USDT on the Solana network, with trading set to begin on March 21 at 17:00 KST. This announcement has triggered a significant surge in the ORCA price, invoking a bullish sentiment.
Upbit Lists ORCA: Trading Details
Significantly, the ORCA price surge followed Upbit’s critical announcement. Upbit has officially declared its support for ORCA, with deposits and withdrawals set to go live within two hours of the announcement. Users will be able to start trading in another one hour.
However, Upbit has implemented certain restrictions to ensure a stable market. For instance, Upbit will restrict buy orders for ORCA for the initial five minutes. All orders, except limit orders, will be restricted for one hour. In addition, sell order prices will be capped at 10% less than the previous day’s closing price.
Though the ORCA price has been on a downtrend since December 6 when it hit a high of $8.70, the recent development has pushed the token to a bullish track. The ORCA token price touched the $5 mark for the first time in 2025.
Recently, South Korea has taken the initiative to strengthen its regulations over the crypto space. South Korea’s FIU is investigating the operations of unregistered crypto exchanges like KuCoin and BitMEX.
ORCA Price’s Future Trends: Expert Insights
At press time, ORCA is valued at $4.21, marking a significant uptick of 166.19% in a day. In addition, the ORCA price has experienced notable hikes of 172% and 114% over the past week and month, respectively. This positive trend is further reflected in the staggering 4676% increase in trading volume, which currently stands at $355.7 million, indicating an optimistic investor sentiment.
According to analysts’ ORCA price prediction, the token is expected to have a potential pullback as the RSI suggests that the token is currently overbought. For analyst gemxbt, $3.50 serves as the critical support level, while $4.50 acts as the crucial resistance level for the token price. Though ORCA has broken out of a period of consolidation, it is poised for potential corrections.
Upbit’s ORCA listing comes following the South Korean regulator’s increasing scrutiny over the exchange for allegedly violating KYC rules. In response, Upbit operator Dunamu filed a lawsuit against the FIU to cancel the business suspension order.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In an astounding development, Shiba Inu’s burn rate has skyrocketed by nearly 500% over the last 24 hours. This has sparked widespread optimism, with analysts reinforcing their prediction that the Shiba Inu price will hit the coveted $0.01 target.
Let’s unveil SHIB’s surprising surge in the burn rate and its potential impacts on the Shiba Inu price.
Shiba Inu Price Targets $0.01 As Burn Rate Skyrockets
According to SHIBBURN, a platform that tracks the burn rate of Shiba Inu, SHIB has marked a dramatic spike in burns over the last 24 hours. Destroying over 14,052,230 SHIB tokens, the burn rate has increased by nearly 500% in a single day.
As of SHIBBURN’s latest data, the burn rate of Shiba Inu has surged by a whopping 495.55%. With this latest burn, the total number of Shiba Inu tokens permanently removed from circulation has reached 410,745,386,439,403. Now, the circulating supply has reached 584,352,017,567,164.
This significant development has invoked speculations of a possible Shiba Inu price rally, with many focusing on the ambitious $0.01 mark.
How Will the Burn Rate Hike Impact Shiba Inu Price?
Notably, tokens are burned to permanently remove them from circulation, reducing the total number of tokens. This process has a two-fold impact on the crypto market.
When Shiba Inu tokens are destroyed, it creates a scarcity of tokens, which, in turn, increases demand. This scarcity effect and the subsequent demand hike could theoretically push the token’s value higher. This could theoretically push the token’s value higher as their scarcity could increase demand.
In addition, a consistent burn rate can also have a profound impact on investor sentiment. When a platform regularly burns tokens, it demonstrates an active management of supply. This can foster confidence among investors, as they perceive the project as responsibly managing its token economy.
Thus, with the recent 500% hike in the SHIB burn rate, analysts and enthusiasts remain confident that the Shiba Inu price could hit the long-anticipated $0.01 range.
Is $0.01 Target on the Horizon?
As of press time, SHIB is valued at $0.00001276, down 1.28%. Despite a weekly surge of 1.76%, the Shiba Inu price has seen a massive dip of 17% over the past month.
Analysts remain bullish about Shiba Inu’s potential bullish rally. For instance, ZAYK Charts asserted that SHIB is breaking out of a falling wedge pattern, signaling a bullish move. As per his predictions, Shiba Inu will see a staggering 81.63% surge, hitting a critical point of $0.00002500.
Similarly, the analyst known on X as CW shared a short-term target for SHIB. According to him, Shiba Inu’s move past the falling wedge pattern signals its target of $0.000034. According to the Shiba Inu price prediction, SHIB may reach $0.0000143 in 2025.
Meanwhile, $0.01 remains the long-expected target for the Shiba Inu price. If the SHIB burn rate rises, the token could attain the goal.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Despite the recent attempt by the bulls, Ethereum price has struggled to regain past $2,000 levels recently. Market analysts believe that there’s enough possibility that ETH could see another 50% drop to $1,000 as some early ETH whales resolve to heavy profit booking.
Ethereum Price Struggles to Regain $2,000
Amid the overall market uncertainty, Ethereum continues to face some selling pressure as bulls fail to regain control over $2,000 levels. Crypto analyst Ali Martinez has stated that investors should maintain caution before building fresh positions in ETH.
“Ethereum hits $2,000. Cool, but zoom out! The big picture is brewing something bigger,” Martinez stated. As per the below chart shared by Martinez, if bulls fail to hold the Ethereum price above $2,050, it risks further falling to the next support at $1,500, and even below all the way to $1,095 levels, per his recent ETH price prediction.
As of press time, the ETH price is trading 2.26% down at $1,973 with its daily trading volume dropping over 40% to $12.21 billion. Furthermore, the ETH futures open interest has also dropped 4% under $20 billion. A recent ETH price prediction also hints that the crypto will hover near $2K for some time ahead.
Early ETH Whale Sells 34,125 Coins
Blockchain analytics platform SpotonChain reported that a major ETH whale appears to have secured a massive profit of $65.66 million, marking a staggering 4,156% return on investment. The whale’s holdings date back to March 2017 when they acquired the ETH from platforms like Changelly, Bitfinex, ShapeShift, and Binance at an average cost of just $46.3 per token.
The whale, identified as “0x086,” deposited its entire ETH holdings of 34,125 ETH to crypto exchange Coinbase a few hours ago. This transaction happened at an average Ethereum price of $1,970.
Currently, the ETH whale activity remains mixed as some big players are moving it from exchange and moving it to staking to earn the extra yield. These are specifically the long-term ETH holders holding with diamond hands.
BlackRock Explains Why Ethereum ETFs Are Struggling
Despite Ethereum price eyeing a relief rally past $2,000, there’s no major relief for spot Ethereum ETFs. The outflows have continued through March 2025 so far, highlighting a major drop in institutional sentiment.
While speaking at the Digital Asset Summit (DAS) in New York City, BlackRock’s head of digital assets Robbie Mitchnick explained the real reason behind this fall. Mitchnick suggested that the ETFs could have performed better if they had included staking, noting that the absence of this feature made the launch “less perfect.”
“A staking yield is a meaningful part of how you can generate investment return in this space. And all the [Ether] ETFs, of course, at launch did not have staking,” he said.
On Thursday, crypto asset manager Bitwise filed a proposal to introduce staking on Ethereum ETFs. The New York Stock Exchange (NYSE) has proposed amendments to allow the listing and trading of shares for the Bitwise Ethereum ETF, incorporating staking capabilities.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi Network’s native cryptocurrency Pi Coin has seen massive value erosion crashing another 20% today and slipping under $1.0. The initial euphoria around the mainnet launch seems to be fading fast as the PI cryptocurrency extends its weekly losses to more than 43%. As a result, the altcoin has dropped out of the top 20 crypto list, from the 11th spot last week.
Pi Network Euphoria Is Fading Quickly
The euphoria surrounding Pi Coin seems to be fading quickly amid the consistent delays in Binance listing plans, which has been a major hit on the market sentiment.
Another major common grievance among Pi Coin investors is the lack of a clear roadmap for the Open Mainnet launch. While other crypto projects have offered transparent timelines, Pi Network’s future plans are ambiguous. This has led to growing discussions about whether Pi is a scam. Clarifying it, Dr Altcoin, who’s been closely associated with the project said:
Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.
The analyst further stated that the Pi Core team needs to step up efforts in terms of effectively communicating with the Pi community and not leave gaps in the process.
Where Is Pi Coin Price Heading Next?
The Pi Coin price has been on a vertical fall over the past week, breaking under crucial support levels of $1.4, $1.2, and $1.0. This major correction comes ahead of the Pi token unlocking event this week.
While token unlock has been a major concern for investors, a large number of Pioneers from the Pi Network community have also been locking their PI holdings off lately.
For now, the next support for Pi Coin price stands at $0.82. Crypto market analyst Kripto Bilgi stated that the sentiment around this altcoin is very weak while predicting a fall to $0.30. Besides, a Pi price prediction also hints at a bearish phase ahead for the asset.
Currently Developments in the Ecosystem
The recent auctioning of the .pi domains and the introduction of the domains tab in the Pi Browser has been a significant step for the Pi Network. This development aligns with its vision for a decentralized, Web3-focused ecosystem.
These .pi domains can function as digital addresses for Pi-powered websites, services, or applications, accessible through the Pi Browser or other Web3-compatible platforms.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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