PancakeSwap’s native token, CAKE, surged by 14% recently, reaching a peak of $3.90. This increase comes alongside the launch of CAKEPAD, an innovative token launch mechanism aimed at enhancing user engagement and token utility. Analysts forecast a potential price target of $10 for CAKE amidst a broader market rebound.
PancakeSwap’s Price Soars by 14%
On Monday, CAKE extended its rally, increasing by 14% over the past 24 hours to hit $3.90, its highest point since December 2024. This latest surge has pushed the token’s monthly gains to over 55%.
The price breakout follows a prolonged consolidation phase where CAKE traded below $3.00, forming an ascending triangle that set the stage for bullish momentum. Renewed buying interest and improved fundamentals have propelled the altcoin to several-month highs.
The trading activity on PancakeSwap has significantly escalated, with daily volumes jumping by 169% to exceed $663 million, a milestone that contributed to the rally. The platform has also outperformed competitors like Uniswap in decentralized trading activity, reinforcing its dominance among retail traders.
PancakeSwap’s ongoing token burning program has further supported prices by reducing supply, with an increasing number of CAKE tokens permanently removed from circulation solidifying bullish sentiment around the asset.
PancakeSwap Price Chart by CoinMarketCap
PancakeSwap Introduces CAKEPAD
The recent price gains are part of the unveiling of CAKEPAD by the platform. On October 6, 2025, the DEX protocol announced the launch of its new platform.
CAKEPAD is a multi-chain platform that grants users exclusive early access to verified tokens before they are listed on the exchange. This launch replaces the former Initial Farm Offerings (IFOs), removing traditional barriers such as staking requirements and lock-up periods, thus democratizing access for both retail and institutional investors.
“We are excited to introduce CAKE.PAD, the enhanced early access experience on PancakeSwap, giving you exclusive access to new tokens before they arrive on exchange platforms,” stated the platform in a blog announcement.
A key feature of the platform is the permanent burning of CAKE fees generated from related events. This, along with other initiatives, has the potential to bolster the token’s deflationary economy and utility.
CAKE Price Outlook
From a technical standpoint, PancakeSwap’s price is largely bullish. The relative strength index (RSI) for CAKE sits at 69, indicating sustained buying pressure. However, since it is not overly extended in overbought territory, bulls may still experience another leg up.
CAKE Price Chart by TradingView
The combination of these outlooks and the overall market optimism, including BNB’s rise to historic highs above $1,200, suggests a bullish trend for the DEX token. While bullish traders may target $5 and even reach for the $10 mark, a drop below $3.50 could signal a short-term correction. In such a scenario, the $3.00 level serves as a significant support area.
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