<ul><li>CAKE's price surged to a 2-month high following the launch of PancakeSwap's Tokenomics 3.0, showing strong upward momentum with rising lows observed on specific dates.</li><li>Derivatives data indicates a growing bullish sentiment as open interest in CAKE rose by 80.13% to $90.53 million in 24 hours.</li><li>PancakeSwap's CAKE token rose over 16% to $2.91, its highest level in three months, driven by the revamped Tokenomics 3.0 and reduced token supply initiative.</li><li>Tokenomics 3.0 implementation includes reducing daily emissions, decreasing the total supply of CAKE, and introducing features like 'Hooks' for custom logic and real-time fee adjustments.</li></ul>

CAKE Price Hits 2-Month High as PancakeSwap Tokenomics 3.0 Triggers Rally

Discover more