The native token of PancakeSwap, CAKE, experienced an unexpected 50% increase in price within hours, grabbing attention in the market. This surge comes after a seven-day rally that started at a low of $1.355 on February 7th. The spike in price can be attributed to factors such as increased trading volume and potential ecosystem developments. The recent buzz around the BNB Chain, where PancakeSwap operates, may have contributed to CAKE's rally. BNB, the native token of the BNB Chain, also rallied up to 13% alongside CAKE. CAKE has seen a 120% increase in the past seven days, accompanied by a 300% spike in trading volume. The BNB Chain team has expressed its support for meme projects and outlined plans to improve transaction speed and user experience in their roadmap for 2025.



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