PancakeSwap’s native token, CAKE, has surged by 14% to a peak of $3.90, coinciding with the launch of CAKEPAD, an innovative token launch mechanism designed to enhance user engagement and token utility. This development may pave the way for further price increases amid a broader market rebound.
CAKE Price Soars by 14%
On Monday, CAKE extended its rally, climbing 14% in the last 24 hours to reach $3.90, marking its highest point since December 2024.
This recent surge brings the month’s gains for the token to over 55%.
The price breakout follows a prolonged consolidation phase during which CAKE was traded below $3.00, forming an ascending triangle that set the stage for bullish momentum.
The renewed buying interest and improved fundamentals have subsequently propelled the altcoin to multi-month highs.
Trading activity on PancakeSwap has surged, with daily volumes skyrocketing by 169% to over $663 million, contributing to the ongoing rally.
The platform has also outperformed competitors like Uniswap in decentralized exchange trading activity, reinforcing its dominance among retail traders.
PancakeSwap’s ongoing token burn program has further supported prices by reducing supply.
As more CAKE tokens are permanently removed from circulation, bullish sentiment surrounding the asset has strengthened.
Price chart of PancakeSwap by CoinMarketCap
PancakeSwap Launches CAKEPAD
The price gains for PancakeSwap coincide with the launch of CAKEPAD.
The DEX protocol unveiled the new platform on October 6, 2025.
CAKEPAD is a multi-chain platform that provides users with exclusive early access to verified tokens before they are listed on the exchange.
This launch replaces the previous IFO platform, eliminating traditional barriers such as staking requirements and lock-up periods, thereby democratizing access for both retail and institutional users.
“We are excited to introduce CAKEPAD, an enhanced early access experience for tokens on PancakeSwap, giving you exclusive access to new tokens before they hit the exchange,” the platform stated in a blog post.
A key feature of the platform is the permanent burning of CAKE fees generated from related events.
Like other initiatives, this could further bolster the deflationary economy and utility of the token.
CAKE Price Outlook
From a technical standpoint, PancakeSwap’s price trajectory appears bullish.
CAKE’s Relative Strength Index (RSI) stands at 69, indicating sustained buying pressure.
However, as it has not yet entered overbought territory, bullish traders might still anticipate an additional leg upward.
Price chart of CAKE from TradingView
The combination of these factors and overall market optimism, including BNB reaching historical highs above $1,200, suggests a bullish trend for the DEX token.
While bulls may aim for $5 and even target the $10 mark, a drop below $3.50 could trigger a short-term correction.
In this scenario, the $3.00 zone serves as a crucial support level.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
