Pancake Swap (CAKE) has been experiencing a strong wave of positive momentum as the Binance ecosystem as a whole has been growing rapidly.
During the third quarter of the year, this decentralized exchange reported a new record in trading volumes with $772 billion exchanging hands through its platform.
772 billion dollars traded on PancakeSwap in a quarter, another ATH
WE'RE SO BACK pic.twitter.com/OHTFjGYjuz
— PancakeSwap (@PancakeSwap) October 2, 2025
Moreover, the launch of Stock Perps – perpetual futures linked to popular U.S. stocks – could attract significant attention from investors. Recently, Pancake Swap launched three new Perps covering Google, Meta Platforms, and NVIDIA stocks.
In addition, they unveiled a new platform called CakePad that offers early access to new tokens before they are listed on centralized exchanges.
This is probably a bid to compete with protocols like Pump.fun on Solana. It marks an important step forward for this BNB-Chain-native DEX and could pave the way for a new era marked by the launch of new tokens (e.g. meme coins) on this blockchain.
Trust Wallet is also hosting an interesting event called “BNB Super Cycle” today that will have some exclusive guests, including CZ, the founder of Binance, and top decentralized apps within the BNB Chain ecosystem like Aster, Pancake Swap, and Four Meme.
CAKE Could Reach $10 During This Cycle If It Breaks Out Above This Key Level
Trading volumes in the past 24 hours have increased by 17% and currently account for an eye-popping total of 68% of CAKE’s circulating supply, underscoring the strength of the latest buying spree.
The daily chart shows that CAKE has hit a key resistance at $4.2 from which the token declined sharply, following the November 2024 “Trump rally.”
The token has posted four big green candles in the past 6 sessions and is retreating slightly today. Trading volumes have exceeded the 14-day average for six days in a row, indicating a short-squeeze in the making.
If the price breaks through this ceiling, we could witness a strong move toward much higher targets – possibly to $10 during this cycle.
The Relative Strength Index (RSI) has climbed above the 14-day moving average and has tagged overbought levels already. Although this increases the risk of a pullback, it is fairly common that the oscillator reaches a level of 80 before a meaningful correction.
Meanwhile, even if the price pulls back, that does not mean the rally is over. At this stage of the bull market, early buyers are taking profits off the table as these tokens recapture their 2024 price zones.
Nonetheless, growing institutional adoption, lower interest rates, and a pro-crypto administration at the White House continue to favor a bullish outlook for projects like Pancake Swap.
Similarly, the best crypto presales like Best Wallet Token ($BEST) will benefit from this trend. This project offers an innovative crypto wallet supporting over 60 different blockchains and offering access to the most exclusive ICOs in the market.
Best Wallet Token ($BEST) Presale Expands Access to the Crypto Ecosystem
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Holding $BEST unlocks exclusive features, including early access to promising presales, higher staking rewards, and governance rights within the Best Wallet platform. Users can also look forward to the upcoming Best Card, which will make spending crypto easier through a debit card that can be used anywhere in the world.
The project has already attracted thousands of users through its ongoing airdrop campaign, where participants complete simple quests to earn rewards and boost engagement. With $16 million raised already, $BEST meets the criteria to be one of the next cryptos to explode once the presale ends.
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