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      Orca DAO Proposes Acquisition and Treasury Overhaul Amid 84% Surge in ORCA Token

      Orca, a decentralized exchange operating on the Solana blockchain, has proposed a significant acquisition and treasury restructuring plan aimed at enhancing its credit and yield offerings. The proposal, titled "Resourcing Orca for Its Next Phase," was endorsed unanimously by the Governance Council on September 24, 2026, and posted for community voting on September 29. The voting period will conclude on October 10, 2026, during which the community will weigh in on the proposed changes.

      The plan includes a new fee distribution model where 10% of protocol fees would be allocated to xORCA staking rewards, another 10% for team-managed buybacks, and the remaining 80% directed towards operational expenses. Additionally, the proposal suggests transferring approximately 14.2 million ORCA tokens, representing about 19.8% of the total supply, along with 70,000 SOL, into a new Strategic Account controlled by the team, which would be exclusively used for acquisitions. This move has raised concerns among community members regarding reduced staking rewards and the concentration of power within the team, as it also calls for the dissolution of the current Governance Council.

      Despite the community's mixed reactions, the market responded positively, with the ORCA token surging by 84% following the announcement. Trading data indicates that the token's price fluctuated between approximately $2.90 and $3.15 in the days leading up to October 7, 2026. Investors are currently navigating the uncertainty surrounding the undisclosed target of the acquisition, which is expected to potentially increase Orca's Total Value Locked (TVL) by around 50%.

      As the voting deadline approaches, stakeholders are keenly observing the developments, particularly regarding the identity of the target protocol and the anticipated enhancements to Orca's product offerings. The outcome of the vote will significantly influence the future direction of the Orca platform and its community engagement.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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