CAKE Surges 17% as PancakeSwap Infinity Launch and Token Burn Ignite Trading Volume

PancakeSwap (CAKE) is currently trading at $2.834 with a 24-hour price increase of 17.20% and a significant trading volume surge, reflecting heightened market activity and a market capitalization of approximately $849.77 million. The recent price appreciation is primarily attributed to the launch of PancakeSwap Infinity, which introduced advanced AMM features and multi-chain support, as well as the resumption of CAKE’s weekly token-burn program and the rollout of CAKE V3 concentrated-liquidity vaults on BNB-side chains. These developments have driven increased user participation, trading volume, and bullish sentiment, supporting CAKE’s strong performance over the past 24 hours.