Orca Protocol Proposes 10% Fee Allocation for Token Buybacks Amid Price Rally

Key Facts

1Solana-based liquidity protocol Orca proposed allocating 10% of fees to a token buyback account.

2The ORCA token rose 9.78% on Wednesday to $2.903, marking a weekly gain of more than 80%.

The Solana-based liquidity protocol Orca proposed allocating 10% of collected fees to a dedicated token buyback account. Tokenpost reported that the governance proposal aims to implement a fee-sharing mechanism, as the ORCA token rose 9.78% on Wednesday to reach $2.903.

This move coincides with a period of significant price appreciation, with the token marking a weekly gain of more than 80%. The community voting period for the proposal is scheduled to close on October 10, 2026, which will determine the implementation of the buyback plan.