- PancakeSwap (CAKE) price leaps 14% to highs of $3.90.
- CAKEPAD replaces IFOs with direct wallet commitments and full fee burning to support deflation.
- PancakeSwap’s price could target $10 amid the broader market rally.
PancakeSwap’s native token, CAKE, has climbed 14% in the past 24 hours.
The gains follow the decentralized exchange’s launch of CAKEPAD, a new token launch mechanism designed to boost user engagement and expand token utility.
PancakeSwap price jumps 14%
CAKE extended its rally on Monday, rising 14% over 24 hours to reach $3.90 — the highest level since December 2024.
The latest move pushed the token’s monthly gains past 55%.
This breakout came after a prolonged consolidation period in which CAKE traded below $3.00, forming an ascending triangle that set the stage for bullish momentum.
Renewed buying interest and improving fundamentals have since driven the altcoin to multi-month highs.
Trading activity on PancakeSwap surged, with daily volumes jumping 169% to over $663 million — a milestone that helped fuel the rally.
The platform has also outperformed peers such as Uniswap in decentralized exchange activity, reinforcing its dominance among retail traders.
PancakeSwap’s ongoing token-burning program has further supported prices by reducing supply.
As an increasing number of CAKE tokens are permanently removed from circulation, bullish sentiment around the asset has strengthened.
PancakeSwap launches CAKEPAD
PancakeSwap’s price gains come as the platform rolled out CAKEPAD.
The DEX protocol announced the launch of the new platform on Monday, October 6, 2025.
CAKEPAD is a multi-chain platform that gives users exclusive early access to vetted tokens before they list on exchanges.
The launch, which replaces the previous IFO platform, removes traditional barriers like staking requirements and lock-up periods, democratizing participation for both retail and institutional users.
“We are excited to introduce CAKEPAD, the new and improved early 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 from related events.
Like other initiatives, this can strengthen the token’s deflationary economics and utility.
Price outlook for CAKE
From a technical perspective, PancakeSwap’s price looks broadly bullish.
The Relative Strength Index for CAKE sits around 69 amid sustained buying pressure.
Because it has not yet entered overbought territory, bulls may still have room for another leg up.
Combined with broader market optimism — including BNB’s rise to all-time highs above $1,200 — the DEX token appears to be trending into bullish territory.
While bulls could target $5 and even a $10 level, 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.