$CAKE PancakeSwap's CAKE token has experienced a significant surge, with its price increasing by 21% in the past 24 hours to $2.56. This rally is attributed to record-high daily spot inflows of $3.37 million, indicating renewed investor interest. The surge is also linked to Binance's delisting of Tether (USDT), prompting users to migrate their USDT holdings to PancakeSwap, which processed over $346 million in USDT volume within 24 hours, accounting for approximately 54% of the exchange's total trading volume. Additionally, a resurgence in meme coin activity on the Binance Smart Chain has contributed to increased trading volumes on PancakeSwap, further boosting CAKE's value.