The current real-time price of ORC is $0.0024. In the past 24 hours, ORC has traded between $0.0024 and $0.0025, showing strong market activity. The all-time high of ORC is $9.51, and the all-time low is $0.0005.
From a short-term perspective, the price change of ORC over the past 1 hour is , over the past 24 hours is -2.21%, and over the past 7 days is -3.22%. These figures provide a quick overview of the latest price trends and market dynamics of ORC on LBank.-1.65%
The live price of ORC today is $0.0024, with a current market cap of $0. The 24-hour trading volume is 11K. The price of ORC to USD is updated in real time.
Before deciding whether to buy or sell ORC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ORC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ORC.
How much will ORC be worth tomorrow, next week, or next month in ? What about your ORC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ORC Price Prediction
To learn more about ORC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x2a3d...ca2ede  | 373.443M | 39.44% |
ethereum | 0x3fe3...8eb1e0 | 223.223M | 23.57% |
ethereum | 0x91dc...20dc92 | 56.768M | 6% |
ethereum | 0xb9f3...e2d268 | 33.035M | 3.49% |
ethereum | 0xd170...cff250 | 30.776M | 3.25% |
Other | 229.667M | 24.25% |
On January 1, 2024, Orbit Bridge's Ethereum Vault suffered a major exploit. An attacker gained access to seven out of ten multisig signers, leading to the theft of millions of dollars in various cryptocurrencies, including ETH, WBTC, USDT, USDC, and DAI. This incident significantly impacted the project and its community, causing concern across the ecosystem.
Orbit Chain's developer, Ozys, is collaborating with law enforcement and security experts to investigate the exploit, track, and freeze the stolen assets. While the precise attack vector is still under investigation, it was noted that a former CISO had altered firewall policies before the incident. The team has attempted communication with the perpetrators and is actively monitoring the compromised funds, demonstrating a proactive approach to recovery and accountability.
The "renewal" involves a comprehensive overhaul of the Orbit ecosystem post-exploit. It includes halting current ORC token staking and governance systems by Q4 2024, with a full resumption anticipated in January 2025. For ORC token holders, this means staked tokens will be unstaked and made accessible in user wallets on the Ethereum ecosystem, allowing for transfer to the Ethereum network or utilization in various decentralized finance protocols during this transitional phase.
The renewal will temporarily adjust ORC token inflation. Block Producer and ORC Voting Rewards distributions will halt upon the renewal proposal's passage. Inflation designated for ecosystem development, DeFi liquidity, R&D, and marketing will be suspended and accumulated, with its future policy decided by DAO voting post-renewal in early 2025. Rewards for Orbit Bridge validators and the utilization of ORC token buyback funds from layer fees will, however, remain unaffected.
As an integral part of the ongoing renewal, the Orbit Chain network itself is slated for discontinuation. Its established functionalities, which have served their purpose within the original architecture, will be systematically transferred and integrated into the broader Ethereum ecosystem. This strategic move aims to leverage Ethereum's robust infrastructure for future operations and enhance the overall resilience of the project.
Prior to the exploit and renewal, Orbit Chain functioned as an interoperability-focused blockchain and multi-asset platform. Its core purpose was to facilitate seamless asset and data transfers between diverse public blockchains, addressing the crypto ecosystem's isolation challenges. It aimed to connect token economies and enhance scalability via its Inter-Blockchain Communication (IBC) Protocol. The ORC token served as the utility token for transaction fees, network governance, and as collateral in various decentralized finance protocols.
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