CryptoMediumUpdated•Originally published 8 October 2026•Updated 8 October 2026•
1 min read
ORCA Token Surges 12% as Derivatives Volume Jumps 239%
Key Facts
1ORCA price reached $2.84 as trading volume doubled to $384 million.
2Derivatives volume surged 239% to $616 million as traders focus on the $2.50 support level.
ORCA price rose 12% to reach $2.84 as daily trading volume doubled to $384 million. TokenPost reported that derivatives volume surged 239% to $616 million, while open interest climbed to $9.86 million, signaling increased trader participation as the token advanced.
Traders are currently focused on the $2.50 support level to sustain the upward trend, while liquidation heatmaps show a $6.93 million liquidity cluster near $3.90. This heightened activity occurs as the market awaits the release of the Federal Open Market Committee (FOMC) minutes and its potential impact on broader crypto market sentiment.