- PancakeSwap native token, CAKE, surged 8% on Thursday, inches close to $3.
- CAKE ranked first in 7-day trading volume and recorded $99.8 billion in 30-day trading activity.
- Former Binance CEO CZ’s comments on the BNB ecosystem catalyzed price rallies in several tokens, including CAKE.
PancakeSwap’s native token CAKE extended gains by 8% on Thursday, inching closer to the $3 level. The DEX token hit several key milestones in the last 30 days, according to an official update shared on X.
Binance’s former Chief Executive Officer (CEO) Changpeng Zhao (CZ) recently commented on the Binance Coin (BNB) ecosystem, catalyzing gains in several tokens on the chain, CAKE included.
Why CAKE rallied 96% in seven days
PancakeSwap listed its milestones in a recent tweet on X, sharing that the decentralized exchange ranked first in 24-hour trade volume and captured a 21.87% market share. The DEX also tops the list in seven-day trade volume and hit a milestone of $99.9 billion in 30-day trade volume.
Guess who’s back?
— PancakeSwap (@PancakeSwap) February 13, 2025
PancakeSwap in a nutshell across all chains & DEXs:
No. 1 in 24hr Trading Volume (21.87% market share)
No. 1 in 7-day Trading Volume
Hit $99.9B in 30-day Trading Volume
Source https://t.co/xHIaNW4r4f pic.twitter.com/cuLPrQCzgF
Another key market mover is Binance’s former CEO CZ’s insights on the BNB ecosystem and its 2025 roadmap. CZ shared a list of the Binance Chain’s feats in 2025, including sub-second block finality, gasless and 100 million transactions a day, and other features like wallet, AI and memes on the blockchain.
BNB Chain in 2025:
— CZ BNB (@cz_binance) February 11, 2025
Sub-second block finality
100 million tx per day
Gasless tx
Smart wallet
AI
Memes
Dev tools
Also:
DeSci
DePIN
RWA
Gov efficiency
And more...
So much to build! https://t.co/Hgbp0tvygr
Data from TradingView shows CAKE rallied 96% in seven days and added 6% to its value on the day.
CAKE is trading 23% below its 2025 peak of $3.416. The native token of the DEX could find support at the lower and upper boundaries of the imbalance zone between $2.630 and $2.102, as seen on the daily price chart.
The Moving Average Convergence Divergence (MACD) indicator flashes consecutively taller green histogram bars above the neutral line, signaling positive underlying momentum in the CAKE price trend.
Relative Strength Index (RSI) generates a sell signal on the daily timeframe as the indicator crosses into the overvalued zone above 70. Traders need to keep their eyes peeled for a correction in CAKE price.
CAKE/USDT daily price chart
CAKE could revisit its 2025 peak, in the event of a correction, the DEX token could slip to the closest support before attempting a recovery.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025
Ethereum remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.
Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary
Solana (SOL) stagnated around the $128 mark on Monday despite multiple bullish catalysts. The recent SOL unlocks by Alameda Research, ahead of FTX creditor repayments, have created a persistent bearish overhang since early March.
Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC
SUI saw slight gains on Monday as Canary Capital submitted an S-1 application with the Securities & Exchange Commission (SEC) to launch a Sui exchange-traded fund (ETF). This adds to the growing list of altcoin ETF filings awaiting approvals from the regulator.
Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation
Crypto exchange-traded funds (ETFs) extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday.
Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation
Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.