Orca ($ORCA) experienced an explosive surge of over 100% after Binance announced its listing of the token, which also carries the coveted “Seed Tag.”
🚨 JUST IN: #Binance to list Cross Protocol $ACX and Orca $ORCA at 2024-12-06 13:00 (UTC) with seed tags applied. https://t.co/8uDIGwXFgW
— CoinEcho (@mycoinecho) December 6, 2024
This milestone marks another significant step for the decentralized exchange-focused project, as it gains greater exposure and liquidity on one of the largest global cryptocurrency platforms.
🚨 JUST IN: Orca $ORCA skyrockets over 100%, following #Binance listing announcement. #ORCA pic.twitter.com/K3HtTLeah6
— CoinEcho (@mycoinecho) December 6, 2024
Wintermute’s Strategic Moves
Wintermute, a prominent market-making firm, has been actively involved in $ORCA’s trading dynamics since December 2023. Currently, the firm holds $4.2 million worth of $ORCA tokens on-chain, underscoring its commitment to liquidity provision and price stability.
Wintermute 为币安新上线代币 $ORCA 做市商
Wintermute 早在 2023.12 就开始 ORCA 做市，目前链上共持有价值 420 万美金的代币；上币公告发布前 12 小时，该机构曾从 #Coinbase 提出 12.5 万枚 ORCA（目前价值 83 万美金）
Wintermute 真的最近存在感刷满了啊！😎https://t.co/iTppF022OQ https://t.co/6ARswDYHYH pic.twitter.com/MKQ5gcpA1n
— Ai 姨 (@ai_9684xtpa) December 6, 2024
Notably, Wintermute made a key move just 12 hours before Binance’s announcement by withdrawing 125,000 $ORCA tokens, valued at approximately $830,000, from Coinbase. This strategic withdrawal has further spotlighted the firm’s integral role in shaping the token’s market activity.
Growing Momentum for $ORCA
The Binance listing has significantly amplified interest in Orca, a project known for its user-friendly decentralized exchange on the Solana blockchain. With the Seed Tag applied, the token is likely to attract investors seeking early-stage opportunities with high growth potential.
Wintermute’s ongoing involvement bolsters confidence in $ORCA, as the firm has consistently demonstrated its ability to navigate and stabilize volatile markets. This surge also aligns with Wintermute’s recent streak of heightened activity, reflecting its broader influence within the cryptocurrency ecosystem.
The Road Ahead
As $ORCA gains traction, the listing on Binance is expected to drive increased trading volume and visibility for the project. Combined with Wintermute’s strategic maneuvers, the token’s momentum signals strong near-term prospects for both speculative traders and long-term holders.
The successful launch on Binance underscores Orca’s growing presence in the DeFi space and positions it for continued expansion.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: andranik2018 / 123RF // Image Effects by Colorcinch
