$CAKE

PancakeSwap’s native token, CAKE, has seen a significant surge in price. On March 18, 2025, CAKE’s price jumped 23% to an intraday high of $2.63, bringing its weekly gains to nearly 70%. This increase coincided with PancakeSwap becoming the most active decentralized exchange (DEX) by daily trading volume, processing nearly $1.64 billion in 24 hours, surpassing Uniswap and Raydium.

A major factor behind this surge is Binance's decision to delist and eight other stablecoins in the European Economic Area (EEA) due to compliance with the EU’s MiCA regulations. Many users shifted their USDT to PancakeSwap, boosting its trading volume and CAKE's price.

CAKE is currently trading at $2.76, with an intraday high of $2.76 and a low of $2.40. As PancakeSwap strengthens its position in the DeFi space, CAKE may see further volatility and growth CAKE