$CAKE
$CAKE PancakeSwap’s native token **CAKE is trading around ~$2.0–$2.15 USD** as of the latest market data. Its **market capitalization is roughly $700–740 million**, with a **24-hour trading volume of about $40–50 million**, showing healthy liquidity. There are about **344 million CAKE tokens in circulation** out of a **max supply of 450 million**. Over the past 24 hours, price swings have stayed within a relatively tight range (~$2.02–$2.15). CAKE’s **all-time high was near ~$44.18**, meaning the current price sits **~95% below its peak**. Conversely, its all-time low was ~$0.00023, so today’s price is **hundreds of thousands of percent above that low**. The token benefits from **deflationary tokenomics with regular burns**, reducing circulating supply over time. CAKE remains a **key governance and utility token** for PancakeSwap’s decentralized exchange ecosystem. Despite broader market volatility, CAKE shows **moderate performance and adoption** driven by DeFi activity. Overall, it’s a **significant DeFi token with strong community use but still far below historical highs**, reflecting both risk and potential.
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