$CAKE Recent developments around CAKE show significant market activity. As of mid-March 2025, the CAKE token has experienced a notable price surge. Posts on X indicate that CAKE rose over 40% in a single day, reaching around $2.65, with some attributing this to a broader meme coin revival and Binance’s delisting of Tether (USDT) pairs, driving trading volume to PancakeSwap on the BNB Chain. On-chain data suggests net accumulations of $6 million on Binance in a 24-hour period, alongside a trading volume of $44 million, reflecting strong demand. Analysts on X have noted that this momentum pushed CAKE above key technical levels, like the 200-day EMA, though some suggest waiting for a dip (e.g., to $1.70) for better entry points, with targets as high as $2.50 by Q3 2025.