$CAKE CAKE is the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). While not strictly a meme coin, CAKE has gained popularity in the crypto community due to its fun branding, high staking rewards, and role in the broader DeFi ecosystem. It allows users to provide liquidity, stake tokens, and participate in yield farming. Unlike traditional meme coins that rely primarily on community hype, CAKE has real utility, enabling low-fee token swaps and offering governance rights to holders. Despite market fluctuations, it remains one of the most well-known BSC-based tokens.