Orca DAO proposes acquisition and treasury overhaul as ORCA token surges 84%

Orca, a decentralized exchange built on Solana, wants to go shopping. Its DAO has put forward a proposal to acquire an undisclosed Solana DeFi protocol to expand its credit and yield products. The market did not wait for the community debate to settle: $ORCA climbed 84% as the plan circulated, according to SolanaFloor. What the proposal actually does The proposal is titled “Resourcing Orca for Its Next Phase.” It was posted on September 29, 2026, after the Governance Council endorsed it unanimously on September 24. Voting closes on October 10, 2026. Until then, everything below is a plan, not a done deal. The first major change is how protocol fees get split. Under the proposal, 10% would go to xORCA staking rewards and 10% to buybacks managed by the team. The remaining 80% would be directed to operations. The second change involves the treasury. The plan would move approximately 14.2 million ORCA tokens, roughly 19.8% of total supply, out of the community treasury. About 70,000 SOL would go with them. Both would land in a new Strategic Account controlled by the team and restricted to acquisitions only. The third change is structural. The proposal calls for dissolving the current G...