CAKE hits 3-month peak as ASTER success fuels gains

PancakeSwap (CAKE) rallied to a three-month high, on growing attention for the Binance ￰0￱ continues with regular buybacks and burns, but has only lately regained mindshare as a hot ￰1￱ (CAKE) expanded to a three-month high, after lagging behind the general altcoin market ￰2￱ recent rally followed the inflow of trading to older assets, which are still below their all-time peaks from previous bull ￰3￱ continues with its regular token burns, diminishing its supply, but the process has not been directly reflected in the market ￰4￱ rose to $3.43, growing by over 50% for the past ￰5￱ turned into one of the key trading venues on the Binance ecosystem, as a source of liquidity for Binance Alpha ￰6￱ also achieved trading volumes of over $446M in 24 hours, the highest levels since ￰7￱ 20% of those volumes are on Binance, with a slight premium compared to other ￰8￱ open interest rises to all-time high CAKE is yet another “dinosaur altcoin” to regain attention for derivative ￰9￱ interest for CAKE expanded from a low baseline, breaking above $100M for the first time in the asset’s ￰10￱ token of the derivative exchange has behaved as a utility asset, trading at relatively low levels and limited ￰11￱ had a brief period of being a meme project, but later PancakeSwap turned into the go-to DEX on Binance, with limited attention for the ￰12￱ is also one of the few crypto assets with a significant market against XRP, though most of the token’s volumes are in pairs with ￰13￱ is now changing, as traders move to riskier positions, attempting to predict the next move of ￰14￱ the recent rally, long positions increased to 56%.

CAKE is currently not traded on Hyperliquid, as the asset is still mostly limited to the BSC ￰15￱ trading profile of CAKE still shows relatively low activity, suggesting a bigger rally may be possible if the token regains attention and ￰16￱ attempts to regain its influence PancakeSwap has risen to the level of top DEX on occasion, mostly driven by hype for specific ￰17￱ DEX trading pairs last for only a few days, leaving it with lower fees compared to other ￰18￱ also had a shorter meme season, lagging behind Solana’s ￰19￱ recovered its volumes in 2025 on the back of multi-chain activity, mostly for its V3 Solana market. |