CAKE Defies Hack as PancakeSwap Token Surges Roughly 16% After X Account Breach

• PancakeSwap’s Chinese X account was hacked to promote a fake token, but CAKE price rose 16 percent instead of falling.
• The breach was limited to social media; no funds were lost, and BSC-wide strength helped CAKE break technical resistance.
• Analysts warn that CAKE shows overbought RSI levels but say the uptrend remains intact if support holds above $3.416.

PancakeSwap confirmed that its Chinese-language X account @PancakeSwapzh was hacked. The attackers used it to promote a fake meme token, often referred to as “Mr. Pancake” or “Sir Pancake.”

The hack appears to have used phishing tactics, domain spoofing, or malicious link posts to trick observers into participating in the fake token launch.

Notably, PancakeSwap states that no user funds or core protocol assets were compromised and that the breach was limited to the social account. The platform urged …

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