The post PancakeSwap (CAKE) Surges 5% as Platform Records $58.7B Trading Volume Milestone appeared on BitcoinEthereumNews.com.

Terrill Dicki
Sep 13, 2025 12:01

CAKE price jumps to $2.66 with strong bullish momentum as PancakeSwap celebrates record trading volumes and launches $250K anniversary campaign.

Quick Take • CAKE currently trading at $2.66 (+5.05% in 24h) • PancakeSwap’s RSI at 57.94 signals neutral-to-bullish momentum with room for upside • Record $58.7 billion August trading volume drives platform adoption narrative • Fifth anniversary campaign launches with $250,000 reward pool What’s Driving PancakeSwap Price Today? The CAKE price rally comes on the heels of PancakeSwap’s strongest fundamental developments in months. The decentralized exchange reported a record-breaking $58.7 billion in trading volume for August 2025, marking its highest performance since January and cementing its position as the second-largest DEX by activity. This milestone demonstrates growing institutional and retail adoption of the platform, directly supporting the value proposition of CAKE tokens. Higher trading volumes typically translate to increased fee generation and token utility within the PancakeSwap ecosystem. Adding to the positive momentum, PancakeSwap launched its fifth anniversary trading campaign on September 9th, offering a substantial $250,000 reward pool. The campaign runs through October 6th and requires participants to trade at least $2,000 worth of qualifying tokens, including AITECH, to enter the lucky draw. This initiative is designed to boost user engagement and trading activity during a traditionally slower market period. CAKE Technical Analysis: Strong Bullish Signals Emerge PancakeSwap technical analysis reveals multiple bullish indicators aligning for potential upward momentum. The CAKE RSI currently sits at 57.94, positioned in the neutral zone with significant room to climb before reaching overbought conditions around 70. The MACD histogram shows a positive reading of 0.0310, indicating bullish momentum building for PancakeSwap despite the MACD line remaining slightly negative at -0.0205. This divergence often signals the early stages of a…

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Filed under: News - @ September 14, 2025 6:20 am