Why is Orca (ORCA) up 27.90% Today, October 7, 2026? DeFi Acquisition Proposal and Buyback Demand Boost ORCA

ORCA outperformed a broadly weaker crypto tape, rising 27.90% on unusually heavy turnover (~1.29x market cap). The move coincides with an active governance vote proposing acquisition funding from the treasury and a revised fee allocation that preserves programmatic purchases and discretionary buybacks, supporting near-term token-specific demand expectations. Elevated activity signals concentrated speculative positioning, though stretched momentum increases sensitivity to reversal risk around key levels.