The post CAKE Price Surges 4% as PancakeSwap Launches Stock Perpetuals and Burns $12M in Tokens appeared on BitcoinEthereumNews.com.

James Ding
Aug 13, 2025 03:56

CAKE trades at $2.87 with 4% daily gains as PancakeSwap introduces Apple and Tesla perpetuals while burning 8.27M tokens worth $12 million, triggering bullish momentum.

Quick Take • CAKE currently trading at $2.87 (+3.99% in 24h) • PancakeSwap’s RSI at 58.31 signals neutral-to-bullish momentum with room for further upside • Stock Perpetuals launch for Apple, Amazon, Tesla drives significant platform innovation • Major $12 million token burn reduces CAKE supply while $300K trading campaign boosts volume What’s Driving PancakeSwap Price Today? PancakeSwap has unleashed a series of major developments that are directly impacting CAKE price action. The most significant catalyst came on August 7th when the platform launched Stock Perpetuals, enabling leveraged trading of tokenized stocks including Apple, Amazon, and Tesla directly on-chain. This innovation represents a substantial expansion beyond traditional DeFi offerings and positions PancakeSwap to capture market share from centralized perpetual exchanges. The same day brought additional positive momentum as PancakeSwap executed a massive token burn, removing 8.27 million CAKE tokens worth $12 million from circulation. Token burns typically create deflationary pressure by reducing supply, and this burn represents one of the largest in recent PancakeSwap history. The immediate market response was positive, with CAKE price gaining traction following the announcement. PancakeSwap also launched a $300,000 trading campaign running through August 31st, which has already contributed to increased trading volume. The campaign targets select tokens and provides additional incentives for active traders, helping boost the platform’s overall activity metrics. Additionally, the partnership with bloXroute Labs for front-running protection addresses a critical concern for DeFi traders and enhances the platform’s competitive positioning. The market responded enthusiastically when PancakeSwap teased a major announcement on August 6th, leading to an immediate 2.8% price spike. This demonstrates strong…

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Filed under: News - @ August 14, 2025 4:25 am