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Why did the price of CAKE go up?

PancakeSwap (CAKE) increased by 1.14% to $2.99 over the past 24 hours, slightly underperforming the broader crypto market rally of +2.46%. Here are the key reasons behind this movement:

  1. BNB Chain DEX Milestone – Over $2 trillion in total trading volume boosts CAKE’s usefulness
  2. CAKE.PAD Adoption – Record demand for new token launches on the platform
  3. Technical Rebound – Indicators show CAKE may be recovering from oversold conditions

Deep Dive

1. BNB Chain DEX Dominance (Positive Impact)

Overview: On October 20, decentralized exchanges (DEXs) on the BNB Chain surpassed $2 trillion in total trading volume. PancakeSwap handled about 80% of this activity (Binance News).

What this means: As the leading DEX on the BNB Chain, PancakeSwap benefits directly from this high trading volume. More trades mean more fees, which are partly burned (destroyed) to reduce the total supply of CAKE tokens—28.8 million CAKE were burned in September alone. This strengthens PancakeSwap’s role as the main platform for trading tokens on the Binance Smart Chain (BSC). The year-to-date trading volume of $558 billion, up 87% from last quarter, shows strong ongoing demand for PancakeSwap’s services like token swapping and yield farming.

2. CAKE.PAD Launch Success (Mixed Impact)

Overview: PancakeSwap’s new launchpad platform, CAKE.PAD, recently hosted a token sale for WhiteBridge Network’s WBAI token, which was oversubscribed by 20,000% on October 15. This event burned participation fees, reducing the supply of CAKE tokens (NullTX).

What this means: The huge demand highlights CAKE.PAD’s growing popularity and adds to CAKE’s utility. However, the massive oversubscription led to some short-term selling pressure as participants claimed their rewards. On the bright side, the platform’s deflationary model—where 100% of participation fees are burned—helps create scarcity over time. So far, 350 million CAKE tokens have been burned, and more burns are expected as more token launches happen simultaneously.

3. Technical Rebound Signals (Neutral)

Overview: CAKE’s price bounced off its 200-day exponential moving average (EMA) at $2.48. The Relative Strength Index (RSI) is at 47.17, indicating a neutral market, and the MACD indicator shows signs of becoming less bearish.

What this means: This price action suggests CAKE found support around the 61.8% Fibonacci retracement level at $2.85, a common technical indicator used to identify potential reversal points. However, resistance remains near the 50-day simple moving average (SMA) at $3.07. If CAKE breaks above this level, it could aim for $3.51, the next key Fibonacci level.

Conclusion

CAKE’s recent gains reflect strong growth in BNB Chain’s decentralized exchanges, the success and deflationary effects of CAKE.PAD, and technical buying near important support levels. Despite these positive signs, a 14% drop over the past week and a high turnover ratio (0.204) indicate that price swings and volatility remain risks.

Key watch: Can CAKE maintain its position above the 200-day EMA at $2.48 if Bitcoin dominance (currently +58.87%) continues to rise? Keep an eye on daily trading volumes on BNB Chain’s DEXs for clues about the sustainability of this momentum.


What could affect the price of CAKE?

CAKE’s price is caught between strong efforts to reduce supply and risks from a large amount of tokens becoming available soon.

  1. Tokenomics 3.0 Deflation – Plans to cut CAKE supply by 20% by 2030 through token burns, which is positive if it continues.
  2. Unlocked CAKE Risks – 79 million staked CAKE tokens (about 23% of all available tokens) will become unlocked, which could cause short-term price drops.
  3. BNB Chain Growth – The decentralized exchanges (DEXs) on BNB Chain handled $558 billion in trading volume in 2025, supporting CAKE’s usefulness.

Deep Dive

1. Tokenomics 3.0 Overhaul (Mixed Impact)

Overview:
PancakeSwap’s Tokenomics 3.0 aims to reduce the total CAKE tokens by 20% by 2030. This will happen by lowering daily token releases from 40,000 to 22,500 and burning 5% of fees collected. However, a large amount of staked CAKE (79 million tokens) will become available to holders by October 23, 2025, which could lead to selling pressure.

What this means:
The plan to reduce supply by about 4% per year could help balance out new tokens entering the market over time. But the sudden availability of a large number of tokens may push prices down until the market absorbs them. In fact, CAKE’s price dropped 60% after a similar unlock event in 2023.

2. BNB Chain Growth & Competition (Bullish)

Overview:
In 2025, decentralized exchanges on the BNB Chain processed $558 billion in trading volume (Binance News). PancakeSwap holds 64% of this market share. Expanding to other blockchains like Solana and Base, along with partnerships such as WhiteBridge’s record-breaking token launch, increases CAKE’s usefulness.

What this means:
Higher trading volumes generate more fees, which are used to burn CAKE tokens, helping reduce supply. Using multiple blockchains also lowers dependence on just BNB Chain. If daily trading volume stays above $200 million, it could speed up the reduction of CAKE tokens.

3. Market Sentiment & Technicals (Neutral)

Overview:
CAKE is currently priced at $2.96, down 13% over the past week, with a Relative Strength Index (RSI) of 42, indicating it is somewhat oversold. Resistance is seen at $3.18, where many traders may sell. The Fear & Greed Index is at 30, suggesting cautious optimism for buying.

What this means:
With Bitcoin dominating the market at 58.9% and weak interest in alternative coins, price gains are limited. However, since CAKE is oversold, there could be a bounce back if it holds support around $2.80.

Conclusion

CAKE’s future depends on managing the balance between the large number of tokens becoming unlocked and the ongoing efforts to burn tokens and grow the BNB Chain ecosystem. Keep an eye on the CAKE Burn Dashboard to track how quickly tokens are being removed from circulation and watch exchange activity after the unlock date. The key question is whether PancakeSwap’s simpler tokenomics can attract enough demand to offset the increase in supply.


What are people saying about CAKE?

Traders of PancakeSwap’s CAKE token are torn between excitement over potential price jumps and concerns about a slowdown as new features roll out. Here’s the latest:

  1. Symmetrical triangle pattern points to possible price targets between $3.39 and $4.29 🚀
  2. Launch of CAKE.PAD is driving strong bets on a 115% price increase thanks to aggressive token burns 🔥
  3. Expansion to Solana blockchain through Stargate improves token usability across networks 🌉
  4. Mixed social media sentiment – hype is high but user engagement is dropping 📉

Deep Dive

1. @johnmorganFL: Symmetrical Triangle Breakout Could Push CAKE to $4.29 (Bullish)

“CAKE is gearing up for a breakout! If it climbs above $2.64, it could rally to between $3.39 and $4.29, supported by strong fundamentals.”
– @johnmorganFL (92K followers · 1.2M impressions · July 28, 2025)
View original post
What this means: This technical pattern suggests buyers are building momentum. Combined with PancakeSwap’s recent upgrades and growth on the BNB Chain, this points to a bullish outlook for CAKE.

2. @PancakeSwap: CAKE.PAD Launch Sparks Weekly Token Burns (Bullish)

“All fees from CAKE.PAD are burned – about 587,000 CAKE tokens (worth $1.36 million) are destroyed weekly to reduce supply.”
– @PancakeSwap (3.8M followers · 8.7M impressions · July 1, 2025)
View original post
What this means: This is positive for CAKE’s price because burning tokens reduces supply, potentially increasing value. Analysts expect CAKE could reach $5.50 to $5.83 by late 2025 (source).

3. @StargateFinance: Solana Integration via LayerZero Expands CAKE’s Reach (Neutral)

“Now you can transfer CAKE across 8 blockchains with no slippage – Solana support is live.”
– @StargateFinance (610K followers · 2.1M impressions · July 28, 2025)
View original post
What this means: This cross-chain feature makes CAKE more versatile, but it could also reduce its dominance on the BNB Chain, which still handles most of its trading volume (96.7% in Q2).

4. LunarCrush: Social Media Buzz Drops Despite High Visibility (Bearish)

“Mentions of CAKE rose 143%, but user engagement fell 17%. The Galaxy Score dropped to 19/100, showing hype is losing energy.”
– LunarCrush report (October 7, 2025)
What this means: This is a warning sign. Even though CAKE’s price gained 40% in the past month, declining social interaction often signals a pause or price consolidation ahead.

Conclusion

The overall outlook for CAKE is optimistic but cautious. Strong technical signals and the deflationary effects of CAKE.PAD’s token burns support upward momentum. However, cooling social media engagement suggests some hesitation. Watch the $2.64 to $2.95 price range closely for signs of a breakout, and keep an eye on CAKE.PAD’s burn rate to understand how supply reduction balances against growing competition in decentralized exchanges.


What is the latest news about CAKE?

CAKE is heating up with record-breaking decentralized exchange (DEX) trading volumes and strategic moves within its ecosystem. Here’s the latest:

  1. BNB Chain DEX Volume Surpasses $2 Trillion (October 20, 2025) – PancakeSwap leads BNB Chain’s total DEX trading volume past $2 trillion.
  2. CAKE.PAD Launch Breaks Subscription Records (October 15, 2025) – WhiteBridge’s WBAI token sale on PancakeSwap’s platform was oversubscribed by 20,000% within just one hour.
  3. CAKE Recovers 25% After Sharp Drop (October 14, 2025) – Technical indicators suggest a positive trend if the $3 support level holds.

In-Depth Look

1. BNB Chain DEX Volume Surpasses $2 Trillion (October 20, 2025)

Summary:
Decentralized exchanges on the BNB Chain have now processed over $2 trillion in total trading volume, with PancakeSwap playing a key role. In 2025 alone, the chain handled $558 billion in trades, showing strong and ongoing activity in decentralized finance (DeFi).

Why it matters:
This milestone confirms PancakeSwap as the leading DEX on BNB Chain, attracting liquidity and increasing the importance of CAKE as the token used for governance and transaction fees within the ecosystem. Higher trading volumes can lead to more revenue for the platform and increased token burns, which may positively impact CAKE’s value. (Binance News)

2. CAKE.PAD Launch Breaks Subscription Records (October 15, 2025)

Summary:
WhiteBridge Network’s WBAI token sale on PancakeSwap’s CAKE.PAD launchpad saw overwhelming demand, with subscriptions reaching over 26,000% of the initial target. The AI-focused project sold 20 million tokens in just one hour.

Why it matters:
This record-setting launch highlights CAKE.PAD’s growing reputation as a platform for promising new projects. It also increases demand for staking CAKE tokens, which is required to participate in these token sales. Successful launches like this can attract more developers and projects to the BNB Chain, strengthening PancakeSwap’s overall ecosystem. (The Daily Hodl)

3. CAKE Recovers 25% After Sharp Drop (October 14, 2025)

Summary:
After a steep 61.5% drop on October 10, CAKE bounced back by 25%, reaching $3.48. This recovery is supported by positive technical signals, including a bullish engulfing candle near the 200-day moving average, and $1.1 million worth of tokens moving off exchanges. Analysts point to resistance at $3.56 as a key level to watch.

Why it matters:
The rebound suggests strong buying interest from large investors (“whales”) and improving market sentiment. However, maintaining the $3 support level is crucial for continued growth. If CAKE breaks above $3.56, it could aim for $4.50. If it fails, the price might drop back to test $2.56. (AMBCrypto)

Conclusion

PancakeSwap is showing promising signs with its growing ecosystem, successful launchpad projects, and technical recovery. While its dominance in decentralized trading and CAKE.PAD’s popularity support long-term value, traders should watch closely to see if the positive momentum can hold up against broader market challenges. The key question remains: will CAKE’s token burn mechanisms and the revival of BNB Chain help balance out upcoming market volatility?


What is expected in the development of CAKE?

PancakeSwap is moving forward with several key updates:

  1. CAKE.PAD Launch (October 2025) – A new platform for launching tokens where all participation fees are permanently burned.
  2. Crosschain veCAKE Expansion (Q4 2025) – Governance power extended across more than 10 blockchains.
  3. UI/UX Revamp (Q4 2025) – Redesigned for mobile-first use and improved social login features.
  4. Multichain Perpetuals (2026) – Introducing derivatives trading on Base, opBNB, and Solana blockchains.
  5. Enhanced Burn Mechanisms (2026) – Faster token burning through CAKE.PAD fees and redirected auction proceeds.

Deep Dive

1. CAKE.PAD Launch (October 2025)

Overview:
PancakeSwap will replace its current Initial Farm Offering (IFO) system with CAKE.PAD, a new token launch platform. Here, 100% of the fees paid to participate will be burned, meaning those tokens are permanently removed from circulation. Users will stake CAKE tokens to gain early access to new projects, which creates ongoing demand and reduces the overall supply of CAKE.

What this means:
This is positive for CAKE’s value because it links the growth of new projects directly to reducing the number of CAKE tokens available. However, the platform’s success depends on attracting high-quality projects that keep users interested.

2. Crosschain veCAKE Expansion (Q4 2025)

Overview:
Building on plans from August 2024, PancakeSwap will expand veCAKE governance to include blockchains like Solana, Base, and zkSync Era. This means holders of veCAKE tokens can vote on decisions about liquidity incentives across all supported chains from one easy-to-use interface.

What this means:
This strengthens CAKE’s role as a governance token that works across multiple blockchains. However, there is a risk that voter participation might drop on newer chains, which could weaken governance effectiveness.

3. UI/UX Revamp (Q4 2025)

Overview:
After upgrading social login features in July 2025, PancakeSwap will launch a new wallet interface that uses tabs to combine assets from Ethereum-compatible (EVM) chains and Solana. The platform will also add real-time charts for trading perpetual contracts and prediction markets.

What this means:
Making the platform easier to use, especially on mobile devices, could attract more everyday users. However, the transition might be a bit challenging for experienced users who are used to the old interface.

4. Multichain Perpetuals (2026)

Overview:
Following the integration with the Base blockchain in July 2025, PancakeSwap will introduce perpetual futures trading with up to 1,000x leverage on opBNB and Solana. This feature is aimed at traders interested in derivatives.

What this means:
This could bring in significant revenue for PancakeSwap but also introduces more price volatility for CAKE due to the risks involved with leveraged trading.

5. Enhanced Burn Mechanisms (2026)

Overview:
Building on the success of Tokenomics 3.0, which burned 24 million CAKE tokens by July 2025, PancakeSwap will increase token burning through fees collected on CAKE.PAD and by redirecting proceeds from MEV (Miner Extractable Value) auctions.

What this means:
Faster token burning helps offset inflation caused by staking rewards unlocking. Still, the platform needs to grow fast enough to handle selling pressure from users cashing out their CAKE tokens.

Conclusion

PancakeSwap is focusing on expanding its crosschain capabilities (through veCAKE and perpetuals trading) and strengthening deflationary measures (like CAKE.PAD burns), all while improving the user experience. With the CAKE token supply down 6.4% year-to-date and trading volume up 58% year-over-year, this roadmap aims to balance growth with sustainable token economics. The big question is whether these new derivatives and governance features will help CAKE perform independently from overall market trends.


What updates are there in the CAKE code base?

PancakeSwap has rolled out important updates that improve its speed, ease of use, and ability to work across different blockchain networks.

  1. Turbo Farms on Solana (August 2025) – Over 50 boosted farms offering more than $1 million in rewards.
  2. MEV Capture Hook (July 2025) – Redirects certain blockchain rewards to liquidity providers.
  3. Singleton Model (April 2025) – Cuts gas fees for creating pools by 99%.
  4. Social Login (July 2025) – Lets users log in with Google, X, or Discord while keeping control of their wallets.

Deep Dive

1. Turbo Farms on Solana (August 2025)

What it is: PancakeSwap launched Turbo Farms on the Solana blockchain, featuring over 50 boosted liquidity pools with 500,000 CAKE tokens rewarded over 100 days. Solana is known for low transaction fees and fast processing.
Why it matters: This encourages more users to provide liquidity on a fast and affordable network, which could increase trading activity and demand for CAKE. (Source)

2. MEV Capture Hook (July 2025)

What it is: On the BNB Chain, PancakeSwap introduced the Arbiter MEV Capture Hook, which uses transparent auctions to redirect miner extractable value (MEV) — rewards that block producers earn — back to liquidity providers.
Why it matters: While this doesn’t immediately affect CAKE’s price, it makes the system fairer for those supplying liquidity, supporting the decentralized finance (DeFi) principle of trustless and fair participation. (Source)

3. Singleton Model (April 2025)

What it is: This new design merges all liquidity pools into a single smart contract, reducing the gas fees needed to create new pools by 99%.
Why it matters: This makes it cheaper and easier for developers and users to create and use pools, improving PancakeSwap’s efficiency compared to competitors. (Source)

4. Social Login (July 2025)

What it is: Users can now sign in to PancakeSwap using familiar accounts like Google, X, or Discord. This creates non-custodial wallets, meaning users keep control of their funds without relying on PancakeSwap to hold them.
Why it matters: This lowers the barrier for new users to join while maintaining security and control, helping PancakeSwap reach a broader audience. (Source)

Conclusion

PancakeSwap’s latest updates focus on making the platform faster, more accessible, and fairer for users. With improvements like Turbo Farms and the Singleton Model boosting scalability, and Social Login simplifying access, PancakeSwap is well-positioned to grow. At the same time, features like the MEV Capture Hook address common issues in DeFi. The key question remains: can CAKE keep its momentum in a challenging market?