CAKE Drops 8.85% Amid Bitcoin Leverage Flush and DeFi Selloff
PancakeSwap (CAKE) fell 8.85% in 24 hours, driven by a broader crypto market selloff and Bitcoin leverage flush, not CAKE-specific news. The decline aligns with a 2.9% drop in total crypto market cap and similar moves in other DeFi tokens like Uniswap (UNI). No negative CAKE-specific catalysts were identified.






