PancakeSwap concluded its special Lunar new year jackpot event. Whale interest increased but price action remained dormant. Recently, PancakeSwap [CAKE] joined BNB and AvengerDAO to increase securities within the ecosystem. AvengerDAO is a unique community-run security infrastructure project designed to protect users on the BNB Chain from possible exploits, scams, and malicious actors. More detailshttps://t.co/MuGiN71hsz […]
, CAKE’s price declined nearly 0.5% in the last 24 hours, and at the time of writing, it was trading at $4.02 with a market capitalization of more than $685 million.A look at CAKE’s on-chain metrics gave a clearer picture regarding what did not work in the token’s favor.’s MVRV Ratio registered a downtick over the last few days, which by and large is a bearish signal.
The volume also followed the same route and decreased. CAKE’s 1-week price volatility might have affected the token as it went southwards. Nonetheless, CAKE managed to remain popular as its social volume increased.
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