A hack hit one of South Korea’s biggest crypto exchanges yesterday, Upbit. It set off a wild chain reaction in Solana crypto memecoins scene, especially hitting the Solana DEX, Orca.
A Solana hot wallet was breached, and the crypto hacker didn’t hesitate as they pulled more than twenty different tokens, including RAY, BONK, and a noticeable chunk of Orca, to dump everything almost immediately. The chaos pushed traders to scramble, and because Upbit froze deposits and withdrawals for Solana assets, prices on the exchange drifted far above the rest of the market.
In the end, Orca traded with a sharp premium simply because users couldn’t move crypto funds freely.
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The Upbit Hack and Its Ripple Effect
According to Upbit, the hack happened around 4:42 AM KST on November 27. Around $36 million was drained in total, with Orca and BONK sitting among the more heavily affected crypto tokens.
NEW: UPBIT DISCLOSES ~$37M HACK ON SOLANA NETWORK – "TO PREVENT ANY DAMAGE TO MEMBER ASSETS, THE ENTIRE AMOUNT WILL BE COVERED BY UPBIT'S HOLDINGS. WE WOULD LIKE TO REITERATE THAT THIS WILL NOT AFFECT MEMBER ASSETS"
SOURCE: https://t.co/LaGePSDOj4 pic.twitter.com/JRQzOFX2ot
— DEGEN NEWS (@DegenerateNews) November 27, 2025
For now, around $8 million has already been frozen, which somewhat softened the blow, but the temporary shutdown of
Solana
3.37%
Solana
SOL
Price
$63.99
3.37% /24h
Volume in 24h
$2.51B
Price 7d
Buy with Best Wallet
token transfers created a small vacuum. With arbitrage blocked,
Orca
0.45%
Orca
ORCA
Price
$0.9853
0.45% /24h
Volume in 24h
$8.07M
Price 7d
Buy with Best Wallet
shot up to about $2.01(before retracing to $1.30 now), which worked out to a premium of more than 25% compared with other major markets.
Upbit got hacked and paused withdrawals, but Koreans are pumping alts since arbitrage bots are no longer running. pic.twitter.com/Y1AnRDqrgz
— Ki Young Ju (@ki_young_ju) November 27, 2025
Other Solana ecosystem tokens behaved almost the same way.
Raydium
2.36%
Raydium
RAY
Price
$0.5738
2.36% /24h
Volume in 24h
$18.69M
Price 7d
Buy with Best Wallet
spiked,
Bonk
3.73%
Bonk
BONK
Price
$0.000004
3.73% /24h
Volume in 24h
$23.36M
Price 7d
Buy with Best Wallet
held surprisingly firm, and most of the movement was tied directly to that liquidity pinch created by the Upbit hack. Global markets didn’t react as fast, which made the price gap even more obvious for a few hours.
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Orca Crypto Swings Back and BONK Keeps Climbing
The surge in Orca crypto didn’t last long. Once people realized the pump existed only inside Upbit’s isolated environment, the token slid back down. The pullback was quick, but not as quick as the pump.
In the aftermath, Upbit promised to cover all losses from its own reserves and shifted funds into cold storage, which helped calm nerves. After that, Orca crypto started to level out again.
🚨 JUST IN: Upbit hacked for ~$37M, the platform will cover all customer losses. pic.twitter.com/W4XdgfhUbE
— Crypto India (@CryptooIndia) November 27, 2025
BONK didn’t seem bothered at all. The memecoin kept climbing through the turbulence, showing that at least for now, its momentum isn’t tied to the same patterns that pushed Orca crypto up and down during the Upbit hack fallout. BONK is showing how strong the memecoin sector is, albeit with the Upbit hack.
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Next Upbit Listing: This Memecoin Can Make the List
Pepenode is probably the best crypto to buy now, with it boasting good staking-mining protocols. The memecoin could make it to Upbit’s next listing, just like BONK.
Why? Here’s why:
Its presale already pulled in $2.2 million, staking volume is growing, and an audit report from Coinsult backs its code, so it is safe from hackers’ hands.
People are calling it a 50×–100× coin. And for those utility-driven memes with 100-1000X potential, this is the only hybrid.
The question “can Pepenode make it to Upbit?” is answered by yes, even to bigger exchanges like Binance and Coinbase.
And not forgetting to mention that Pepenode offers 584% staking APY, a huge bonus just by letting the coin sit before launching.
To learn more about the project, you can check their X and Telegram channels. Visit and buy now before the price increases in less than 2 days.
Visit PEPENODE HereRELATED: Best Solana Meme Coins Right Now
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Key Takeaways
- A hack hit one of South Korea’s biggest crypto exchanges yesterday, Upbit. It set off a wild chain reaction in Solana crypto memecoins scene, especially hitting the Solana DEX, Orca.
- Pepenode is probably the best crypto to buy now, with it boasting good staking-mining protocols. The memecoin could make it to Upbit’s next listing, just like BONK. Why?
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