Pancakewap (Cake) had a large week with more than 60 % jumping. The increase does not come as a surprise to those who follow the developments of the last platform, especially the new voting cake system. This upgrade has transformed how users earn rewards and participate in governance via multiple Blockchain networks.
The platform is now distributed about 770,000 Cake tokens Weekly on Stakers – at a value of about $ 1.9 million at current prices. Since its launch in early 2024, the generous bonus structure has prompted many pregnancy owners to hold their own symbols in the long run. It is a classic effect of supply and demand: with increasing cakes, less trading is available, pushing prices up.
Besides the internal changes of the platform, Cake also benefited from increased trading activity and senior investors who occupy positions, all against the background of improving the encryption market morale. Prices’ work indicates an increased confidence in the pies as a leading central stock exchange on the BNB series.
Cake trading volume rises amid whale activity
With daily transactions exceeding $ 3 billion, Pancakeswap saw a rise in Trading activity. The currency had a 60 % increase in one day at one time, indicating a high level of demand in the market.
Adult players seem to notice as well. Pancakeswap, former adviser @theveeman, has topped the headlines by transporting 500,000 cakes (worth about $ 1.21 million) off Binance – a sign that big investors see more upward trend.
The former fennel consultant withdraws $ Cakeand $ Tst From Binance
Series analyst NERD reported the data on x @TheveemanFormer Pancakeswap adviser and BNB whale, withdraw 500,000 cakes ($ 1.21 million) and 3.88 million TST ($ 698,000) from Binance Exchang about 10 …
– Coinness Global (@coinnessgl) February 13, 2025
The trend extends beyond the individual whales, as Blockchain data showed that the main portfolios containing 10-100 million cakes added 6 million other icons to its sites this week.
The accumulation of the huge whale and the trading size that breaks the record indicates that the institutional interest in the ecosystem of Pancakeswap expands. It is a noticeable shift in the feelings of one of the most firm Defi platforms.
Also read: Why talisman (om) pumping prices?
It raises the positive market morale of the cake of more
The broader market environment also contributed to the rise of Cake. Technical indicators indicate that the symbol was previously exaggerated, which puts the way for sharp apostasy.
Cake has increased by 157 % since February 6. Moreover, taking into account Pancakeswap close relationships with the BNB series, the 22 % height in the BNB price has positively affected the cake.
For each coinecko at the time of the press, the cake Worth $ 2.59. Moreover, the distinctive symbol has a daily trading volume of $ 329 million. This indicates an altitude of 60.67 % compared to last week and a rise of 1.76 % over the previous day.
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