Dendrobium Blue Seas (Antennatum hybrid) - Do I need to repot?

[sephirothlq]

Hi everyone,

I recently bought this plant at an orchid show and noticed that the initial growth of the plant happens to be under the 'soil' level as seen in the attached pictures.

Do I need to take the orchid out of the pot and relevel it so that the bottom of the lowest growth is at soil level?

The orchid seems to be potted in a mix of bark, sponge rock and some packing peanuts at the bottom of the pot.

I'm not too sure how long it has been down there, but my main worry is wetting the growth when watering the plant. Is there a possibility for rot to occur if the growth gets wet? I'm not too familiar with growing dendrobiums.