Down 11% today, up about 40% on the week: $ORCA is swinging hard after its merger news.
đ By the numbers
âą $ORCA trades near $2.44, down about 11% in 24 hours, per CoinGecko
âą The seven-day gain is still roughly 40%, and about 67% over 30 days
âą Market cap is around $148 million with about $49 million in 24h volume
âą Orca and Loopscale announced their merger into Formation on October 7, per The Block
đŻ Levels to watch
If the $2.20 to $2.40 area holds, today could be a normal cool-off after a news spike. A slide below it would suggest the market is waiting for the new company to ship before paying up again.
Does a merger change how you value a DeFi token?
#Orca #DeFi
đ By the numbers
âą $ORCA trades near $2.44, down about 11% in 24 hours, per CoinGecko
âą The seven-day gain is still roughly 40%, and about 67% over 30 days
âą Market cap is around $148 million with about $49 million in 24h volume
âą Orca and Loopscale announced their merger into Formation on October 7, per The Block
đŻ Levels to watch
If the $2.20 to $2.40 area holds, today could be a normal cool-off after a news spike. A slide below it would suggest the market is waiting for the new company to ship before paying up again.
Does a merger change how you value a DeFi token?
#Orca #DeFi