Orion leads altcoin rally as Solana falters below $150
While Solana faces pressure below the $150 level, several altcoins are posting major gains, with Orion (ORN) leading the pack with a 400% increase.
Orion has jumped by 409.9% in the last 24 hours, trading at $1.25 from a low of $0.2344. This massive surge has left the traders puzzled, though the reasons behind the pump remain unclear.
Adding to the mystery, the project’s official X account appears to be suspended. This makes it difficult to verify any recent announcements or developments that might explain the price movement.
Despite the uncertainty, some market analysts remain optimistic about the technical setup. One crypto analyst posted on X: “ORN another nice looking chart. May fill the gap till 10.9,” suggesting potential for further upside based on chart patterns.
Access Protocol has increased by 46.8% over the past 24 hours, rising from $ 0.001112 to $ 0.001653. Unlike ORN, Access Protocol has provided some hints about upcoming developments that could be driving investor interest.
The project, which enables users to deploy data-powered agents, has recently teased new announcements.
A team member has indicated that “something fun is being dropped by the project next week,” though specific details haven’t been disclosed.
Third on CoinGecko’s top gainers list, KoKoK The Roach has gained 15.5% in the last 24 hours, trading at $0.1606 from $0.1347. The token has shown consistent momentum over the past week, climbing 23.6% in seven days.
KOKOK’s price movement appears connected to a specific partnership announcement. The project posted on X: “Something is OKX-coooking! Make sure to crawl over the trading campaign that’s happening with OKX and $KOKOK.”
This collaboration with the major exchange OKX likely provides increased visibility and trading opportunities for the meme token.
The overall crypto market remains relatively subdued, with both Bitcoin (BTC) and Ethereum (ETH) showing minimal movement over the past 24 hours. Solana (SOL) has also dropped below $150, even as some smaller tokens experience explosive growth.
Traders should exercise extreme caution when considering positions in tokens showing triple-digit gains without clear fundamental catalysts.
