, 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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