- PancakeSwap (CAKE) price jumped 14% to highs of $3.90.
- CAKEPAD replaces IFOs with direct wallet commitments and full fee burns for deflation.
- PancakeSwap’s price could eye $10 amid overall market bounce.
PancakeSwap’s native token, CAKE, has seen a 14% price increase over the past 24 hours.
The gains come after the decentralized exchange platform introduced CAKEPAD, an innovative token launch mechanism poised to enhance user engagement and token utility.
PancakeSwap price jumps 14%
CAKE extended its rally on Monday, climbing 14% in the past 24 hours to reach $3.90 — its highest level since December 2024.
The latest move pushed the token’s monthly gains to more than 55%.
The price breakout follows a prolonged consolidation phase during which CAKE traded below $3.00, forming an ascending triangle pattern 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 sharply, with daily volumes jumping 169% to over $663 million — a milestone that helped fuel the rally.
The platform has also been outperforming peers such as Uniswap in spot decentralized exchange activity, reinforcing its dominance among retail traders.
PancakeSwap’s ongoing token burn program has further supported prices by reducing supply.
With an increasing number of CAKE tokens permanently removed from circulation, bullish sentiment around the asset has strengthened.
PancakeSwap price chart by CoinMarketCap
PancakeSwap launches CAKEPAD
PancakeSwap’s price gains come amid the platform’s launch of CAKEPAD.
The DEX protocol announced the unveiling of the new platform on Monday, October 6, 2025.
CAKEPAD is a multi-chain platform that grants users exclusive early access to vetted tokens prior to their exchange listings.
The launch, which sees CAKEPAD replace the previous IFO platform, eliminates traditional barriers like staking requirements and lock-up periods, democratizing participation for retail and institutional users alike.
“We’re excited to introduce CAKE.PAD, the new and improved early token access experience on PancakeSwap, giving you exclusive early access to new tokens before they hit exchanges,” the platform wrote 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 has the potential to further reinforce the token’s deflationary economics and utility.
CAKE price outlook
From a technical point of view, PancakeSwap’s price is largely bullish.
The Relative Strength Index for CAKE stands at 69 amid sustained buying pressure.
However, since it’s not overextended into the overbought territory, bulls could yet see another leg up.
CAKE price chart by TradingView
Combining this outlook and overall market optimism, including BNB’s rise to all-time highs above $1,200, suggests the DEX token is trending into bullish territory.
But while bulls could target $5 and even the $10 mark, a drop below $3.50 could trigger a short-term correction.
In this case, the $3.00 area is a major support level.
