PancakeSwap CAKE Jumps 37% Amid Meme Coin Resurgence and Binance Tether Delisting
Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.
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Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.
CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.
PancakeSwap (CAKE) is showing strong bullish momentum with a 15% surge in price.
PancakeSwap's native token CAKE surged 15% as the trading platform overtook other decentralized exchanges in daily trading volume, reaching $1.64 billion.
The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.
After retesting and rebounding from a crucial support level of around $1.55 in the past few weeks, PancakeSwap (CAKE), the largest decentralized exchange (DEX) on the BNB chain, has signaled a shift to bullish sentiment.
The short-term sentiment behind CAKE appeared bullish- could this lead to increased bidding and a move beyond $2.16 next?
The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.
Ethena's daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%.
The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.
Binance announced that it would host Bubblemaps' (BMT) Token Generation Event (TGE) on PancakeSwap.
For the first time since 2021, PancakeSwap has hit new all-time high monthly trading volumes. These impressive figures from Pancakeswap highlight the platform's growth and resilience.
PancakeSwap, a leading decentralized exchange (DEX) operating on nine blockchain networks, set a new record for trading activity in January and February 2025. It has achieved the highest monthly trading volume since 2021.
Jupiter raked in $10.88M in daily fees, outperforming Uniswap, PancakeSwap, and Hyperliquid, and trailing only Tether's $18.19M revenue.
This announcement will let users have ultra-low fees, enhanced liquidity, and lightning-fast trade execution to the DeFi space. With fees as low as 0.01%, this integration is set to raise the bar for cost-effective and efficient trading.
PancakeSwap's token, CAKE, has turned heads with an impressive 46% surge in just one week, marking a significant reversal of its early 2025 downtrend. While Bitcoin (BTC) and other major cryptocurrencies showed declines, CAKE managed to break away from the broader market movement, posting solid weekly gains.
Fibonacci retracement levels showed that the previous swing move south was almost entirely retraced.
The tokens of the Binance ecosystem, BinanceCoin (BNB) and PancakeSwap (CAKE), have been showing remarkable strength over the weekend, with the beginning of the week bringing even more bullish momentum. As both tokens display signs of a potential breakout, analysts believe they are on the brink of a major price surge, possibly rising by 20% in the near future.
Cryptocurrencies displayed mixed trends on Monday as altcoins signaled recoveries while Bitcoin remained stuck around the $97K region. Amidst the indecisive performance, DeFi tokens thrived with substantial gains. While the global crypto market capitalization lost nearly 1% to $3.
PancakeSwap (CAKE) has surged 70% in a week, reflecting growing DeFi momentum. With Total Value Locked (TVL) rising and liquidity increasing, DeFi protocols are showing signs of a renewed bull cycle.
The prices of the popular tokens, BiananceCoin & PancakeSwap, have begun to inflate as the bulls are utilizing all their resources to defend the strong support. The recent consolidation around the gains has confirmed a bullish pattern and a breakout from the range may initiate a fresh ascending trend.
PancakeSwap was the best-performing top-100 cryptocurrency last week as the volume in its ecosystem surged. PancakeSwap (CAKE) token rose by nearly 50% in the last seven days.
BNB Chain, associated with Binance, topped Solana in daily fee generation on February 13, recording $5.8 million in fees, per Nansen data. This marked the first time since October 31, 2024, that a blockchain outside Ethereum or Solana led in fees, exceeding Solanas $3.3 million and outpacing Ethereum by over fivefold.
The rising meme coin vortex on the BNB Chain triggered by Binance co-founder CZ has helped PancakeSwap surpass $1 trillion in trading volume.