PancakeSwap's CAKE token surged 28.55% to a 2025 high of $3.46 after the introduction of fee-earning limit orders. This new feature allows traders to earn 0.1% on executed orders, driving increased interest from both retail investors and large holders. On-chain data revealed a positive buy-sell delta of +3 million CAKE and significant inflows of 7.6 million CAKE from large holders within 24 hours.
The trading volume for CAKE skyrocketed by 528% to $410 million, pushing its market capitalization to $1.2 billion. Analysts suggest that if the accumulation trend continues, CAKE could test the $4 mark, although a retracement to $3 is possible if profit-taking intensifies.
PancakeSwap's CAKE Jumps 28.55% on New Fee-Earning Feature
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