$CAKE

PancakeSwap (CAKE) surged by 23%, reaching $2.63, but not everything is so rosy. Trading volume tripled to $1.12 billion, and market capitalization is nearly $760 million. Interest in derivatives increased by 73%, but this may be temporary. Binance is delisting USDT in the EEA, which led to a capital flow to PancakeSwap. Technical indicators signal a potential pullback if CAKE does not hold above $2.40-$2.70.