PancakeSwap’s CAKE Explodes 58%, Whale Activity and Binance CZ Optimism Fuel Rally
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- CAKE soared almost 60% in the past 24 hours in line with the broader surge in BNB Chain tokens.
- Binance co-founder Zhao unveiled bullish developments for the BNB Chain ecosystem.
- Former PancakeSwap advisor withdrew $1.21 million in CAKE a few hours ago.
CAKE, the token powering PancakeSwap, has surged 58.75% in the last 24 hours, reaching $3.05. This peak comes after reports of whale activity and renewed enthusiasm for BNB Chain tokens emerged, as crypto exchange Binance’s co-founder Changpeng Zhao (CZ) offered a bullish outlook for the blockchain in 2025.
PancakeSwap Advisor “BNB Whale” Makes Million-Dollar CAKE Move
Data from The Data Nerd on X indicates that @theveeman, identified as a former PancakeSwap advisor and BNB whale, withdrew 500,000 CAKE (worth around $1.21 million) and 3.88 million TST (approximately $698,000) from Binance a few hours ago.
The withdrawal suggests the whale is positive on the CAKE token, anticipating further price increases soon.
The post PancakeSwap’s CAKE Explodes 58%, Whale Activity and Binance CZ Optimism Fuel Rally appeared first on Coin Edition.
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