PancakeSwap Breaks Records, But CAKE Token Remains Unmoved

PancakeSwap’s record-breaking performance in the first quarter of 2025 has sent shockwaves through the crypto community. The platform achieved a staggering $205.3 billion in trading volume during Q1 2025, marking a significant leap from its previous year’s figures. However, this remarkable surge has not translated into price gains for the platform’s native CAKE token, which continues to struggle despite PancakeSwap’s booming activity.