{"id":47310,"date":"2025-02-13T12:59:59","date_gmt":"2025-02-13T12:59:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-is-pancakeswap-price-rising-today\/"},"modified":"2025-02-13T12:59:59","modified_gmt":"2025-02-13T12:59:59","slug":"why-is-pancakeswap-price-rising-today","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-is-pancakeswap-price-rising-today\/","title":{"rendered":"Why is PancakeSwap price rising today?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1641244265112-a7d90774-4910-400b-857f-e4c5db586c9b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1641244265112-a7d90774-4910-400b-857f-e4c5db586c9b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1641244265112-a7d90774-4910-400b-857f-e4c5db586c9b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1641244265112-a7d90774-4910-400b-857f-e4c5db586c9b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>PancakeSwap (CAKE) today surged by 64.58%, hitting an intraday high of $3.16.<\/li>\n<li>Binance ecosystem resurgence has been a major boost for PancakeSwap.<\/li>\n<li>Whale moves signal CAKE price optimism.<\/li>\n<\/ul>\n<p>PancakeSwap\u2019s native token, CAKE, has seen a remarkable surge, jumping from an opening price of $1.92 to an intraday high of $3.16 according to CoinGecko data, marking a 64.58%.<\/p>\n<p>Trading currently at around $3, CAKE\u2019s price movements reflect a broader market optimism that is driven by several specific catalysts unique to PancakeSwap and the BNB Chain ecosystem.<\/p>\n<h2>Surge in trading volume on BNB Chain<\/h2>\n<p>The primary driver behind CAKE\u2019s price increase is the resurgence in activity on the BNB Chain.<\/p>\n<p>PancakeSwap has outperformed decentralized exchanges (DEXs) on nine chains including BSC, Ethereum, Polygon zkEVM, and Abirtum in terms of trading volume, both on a weekly and daily basis.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-270922\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/DEXs.png\" alt=\"PancakeSwap has outperformed decentralized exchanges (DEXs) \" width=\"1864\" height=\"857\"\/><\/p>\n<p>This spike in volume is a direct result of renewed user interest in the BNB Chain, which has been witnessing a revival. It can also be attributed to the weekly CAKE revenue-sharing model that has been distributing significant CAKE tokens to revenue-sharing pool participants weekly, with the most recent distribution occurring on February 13.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89 30,493 CAKE has been distributed to all revenue-sharing pool participants!<\/p>\n<p>\ud83c\udd95 veCAKE is now live \u2013 claim your rewards weekly, including revenue shares!<\/p>\n<p>\u23f3 Lock or migrate your CAKE by Feb 19, 23:59 UTC to start earning revenue shares, claimable from Feb 27.<\/p>\n<p>\ud83d\udd17 Claim\u2026 <a href=\"https:\/\/t.co\/OsU5f9toBp\">pic.twitter.com\/OsU5f9toBp<\/a><\/p>\n<p>\u2014 PancakeSwap (@PancakeSwap) <a href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1889963599579263261?ref_src=twsrc%5Etfw\">February 13, 2025<\/a><\/p>\n<\/blockquote>\n<p>The increased activity has not only bolstered the platform\u2019s liquidity but also enhanced the utility and demand for CAKE.<\/p>\n<h2>Binance\u2019s influence<\/h2>\n<p><a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, which controls nearly 55% of cryptocurrency trading activity, has also significantly contributed to PancakeSwap\u2019s price surge. The exchange\u2019s success directly benefits platforms like PancakeSwap, which are part of the broader Binance ecosystem.<\/p>\n<p>Additionally, Binance\u2019s decision to resuscitate its decentralized ecosystem, coupled with the launch of features that allow for the creation of meme cryptocurrencies, has funnelled more users and traders to PancakeSwap. This has made it a burgeoning hub for both established and new speculative tokens, thereby increasing the intrinsic value of CAKE.<\/p>\n<h2>Whale activity and positive market sentiment<\/h2>\n<p>Another notable factor in CAKE\u2019s price rally is the activity from significant market players or \u201cwhales.\u201d<\/p>\n<p>Reports indicate that a former PancakeSwap advisor and BNB whale made substantial withdrawals of CAKE and other tokens from Binance, signalling optimism among whales.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a> shilled about <a href=\"https:\/\/twitter.com\/BNBCHAIN?ref_src=twsrc%5Etfw\">@BNBCHAIN<\/a>, most of tokens on <a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> pumped &amp; some whales have accumulated.<\/p>\n<p>9 hours ago, <a href=\"https:\/\/twitter.com\/theveeman?ref_src=twsrc%5Etfw\">@theveeman<\/a> withdrew 500k <a href=\"https:\/\/twitter.com\/search?q=%24CAKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CAKE<\/a> (~$1..21M) and 3.88M <a href=\"https:\/\/twitter.com\/search?q=%24TST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TST<\/a> (~$698k) from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a>.<\/p>\n<p>Address:<a href=\"https:\/\/t.co\/SbosgzKKhc\">https:\/\/t.co\/SbosgzKKhc<\/a> <a href=\"https:\/\/t.co\/UwUfqP1V2w\">pic.twitter.com\/UwUfqP1V2w<\/a><\/p>\n<p>\u2014 The Data Nerd (@OnchainDataNerd) <a href=\"https:\/\/twitter.com\/OnchainDataNerd\/status\/1889887634044101045?ref_src=twsrc%5Etfw\">February 13, 2025<\/a><\/p>\n<\/blockquote>\n<p>Influential figures\u2019 moves often sway market sentiment, leading to increased buying pressure on CAKE.<\/p>\n<h2>Meme tokens and ecosystem expansion<\/h2>\n<p>PancakeSwap\u2019s decision to list new memecoins like the Test Token (TST) has further fueled its growth.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trade <a href=\"https:\/\/twitter.com\/search?q=%24TST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TST<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>, &amp; more on PancakeSwap Perpetual V2 and share $10,000<\/p>\n<p>\ud83d\udcc5 Feb 13 \u2013 Mar 5<br \/>1\ufe0f\u20e3 Lucky Draw: $3,000 \u2013 60 winners, $50 Each<br \/>2\ufe0f\u20e3 Leaderboard: $7,000 \u2013 Top 10 traders with the highest volume<\/p>\n<p>\ud83d\udc49 Trade <a href=\"https:\/\/t.co\/yRIZv9RSm8\">https:\/\/t.co\/yRIZv9RSm8<\/a><\/p>\n<p>\ud83d\udcda More <a href=\"https:\/\/t.co\/GUghY3Vkd3\">https:\/\/t.co\/GUghY3Vkd3<\/a> <a href=\"https:\/\/t.co\/e6KJZtUa6i\">pic.twitter.com\/e6KJZtUa6i<\/a><\/p>\n<p>\u2014 PancakeSwap (@PancakeSwap) <a href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1889993700094468366?ref_src=twsrc%5Etfw\">February 13, 2025<\/a><\/p>\n<\/blockquote>\n<p>By expanding into the meme token space, which is popular among retail investors, PancakeSwap is not only diversifying its offerings but also tapping into a demographic known for driving high trading volumes.<\/p>\n<p>This strategic move could transform PancakeSwap\u2019s profile from primarily hosting blue-chip tokens to being a go-to platform for all types of cryptocurrencies.<\/p>\n<p>With all these developments, the price of PancakeSwap (CAKE) could see more gains with the next key target being $3.66.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/why-is-pancakeswap-price-rising-today\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) PancakeSwap (CAKE) today surged by 64.58%, hitting an intraday high of $3.16. Binance ecosystem resurgence has been a major boost for PancakeSwap. Whale moves signal CAKE price optimism. PancakeSwap\u2019s native token, CAKE, has seen a remarkable surge, jumping from an opening [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":47311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47310"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47310"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47311"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}