CAKE Coin Pumps 30% as V3 Upgrade Sparks Frenzy—Traders FOMO While Institutions Shrug

PancakeSwap’s native token defies market slump with double-digit gains after protocol overhaul.

Key upgrades include cross-chain swaps and concentrated liquidity—because what’s DeFi without another layer of complexity?

Retail traders pile in as ’APY tourism’ returns, while hedge funds quietly dump bags. Some things never change.

PancakeSwap Infinity Update Boosts CAKE Demand

Thepromises substantial efficiency improvements over previous generations with single-slot liquidity pools, hook-compatible smart modules, and lower transaction fees. The multi-Blockchain support enhances CAKE’s accessibility not just on the BNB Chain but within the expanding ecosystem. These enhancements have stirred significant market interest in the past 24 hours, pushing CAKE’s price upward. A triple-digit increase in trading volume indicates that the surge is driven by organic demand. The PancakeSwap team claims that the new model offers liquidity providers higher capital efficiency.

Investor sentiment is also notably positive. Social media data reveal a marked uptick in posts tagged with CAKE following the Infinity announcement. Reports indicate that short-sell positions have been rapidly closed, and the futures market funding rates have shifted in favor of bullish trends. In essence, the update not only brought technical advancements but also fueled a strong narrative favoring CAKE coins.

Key Levels That Could Propel Short-Term Price Jumps

On the daily chart, CAKE has broken out upwards from aand moved above the 9-day moving average. The first critical resistance level is at $2.75. Should the volume increase persist, testing the $2.95 range is plausible. Continued momentum could create space for a rise toward $3.15. Technical indicators have moved into the positive zone, but failure to hold above the $2.45 support could see the rally replaced by short-lived profit-taking.

Altcoin CAKE

Short-term traders can limit risk amid high volatility by placing stop-loss orders around $2.42. Although the(RSI) is approaching overbought conditions, the trend shows no signs of fatigue yet. Additionally, the increasing average true range signals that price swings could widen, allowing for rapid reactions from key levels.