- The price of PancakeSwap (CAKE) rose 14% to highs of $3.90.
- CAKEPAD replaces IFOs with direct wallet commitments and a full fee burn for deflationary effects.
- PancakeSwap’s price could climb to $10 amid an overall market rebound.
PancakeSwap’s native token, CAKE, has gained 14% in the past 24 hours.
The surge follows the decentralized exchange’s introduction of CAKEPAD, an innovative token-launch mechanism designed to boost user engagement and token utility.
CAKE Price Jumps 14%
CAKE extended its rally on Monday, rising 14% over the last 24 hours to reach $3.90 — the highest level since December 2024.
The latest move pushed the token’s monthly gains to more than 55%.
The breakout capped a prolonged consolidation phase during which CAKE traded below $3.00 and formed a rising-triangle pattern that set the stage for bullish momentum.
Renewed buying interest and stronger fundamentals have driven the altcoin to multi-month highs.
Trading activity on PancakeSwap surged, with daily volumes climbing 169% to more than $663 million — a milestone that helped power the rally.
The platform has also outperformed peers like Uniswap in decentralized spot-exchange activity, reinforcing its popularity among retail traders.
PancakeSwap’s ongoing token-burning program has further supported prices by reducing circulating supply.
With an increasing number of CAKE tokens permanently removed from circulation, bullish sentiment around the asset has been reinforced.
PancakeSwap price chart from CoinMarketCap
PancakeSwap Launches CAKEPAD
PancakeSwap’s price gains come alongside the launch of CAKEPAD.
The DEX protocol announced the rollout of the new platform on Monday, October 6, 2025.
CAKEPAD is a multichain launch platform that gives users exclusive, early access to audited tokens before they list on exchanges.
The launch replaces the previous IFO system, removing traditional barriers such as staking requirements and lock-up periods, and thus democratizing participation for both retail and institutional users.
“We’re excited to introduce CAKEPAD, the new and improved early token access experience on PancakeSwap, giving you exclusive early access to new tokens before they hit exchanges,” the platform said in a blog post.
A key feature of the platform is the permanent burning of CAKE fees generated by related events.
Like other deflationary initiatives, this has the potential to further tighten the token’s supply dynamics and improve utility.
Price Outlook for CAKE
From a technical perspective, PancakeSwap’s price outlook is broadly bullish.
The Relative Strength Index for CAKE sits near 69 amid sustained buying pressure.
Because it has not yet entered overbought territory, bulls may still have room for another upward leg.
CAKE price chart from TradingView
That backdrop, together with broader market optimism — including BNB’s climb to record levels above $1,200 — suggests the DEX token is trending toward bullish territory.
While bulls could target $5 and even $10, a drop below $3.50 could trigger a short-term correction.
In that scenario, the $3.00 area would act as a major support level.