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Dec 28

The CAKE token is up 25%. Reasons and other altcoin leaders

The surge in CAKE token value by 25% on December 26th can be attributed to the incendiary move of burning 10 million CAKE tokens by PancakeSwap's native coin, as reported. Initially soaring from $2.95 to $3.72 post-burning, the price readjusted to $3.35 before recuperating to $3.65 at the time of this report. This recent upward trajectory contributes to a substantial 65% weekly growth for CAKE, propelling its market capitalization from $590 million to a notable $965 million, as per CoinG...

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