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PancakeSwap (CAKE) price jumps 11.33% amid accumulation signals despite wash trading concerns

Market News
03 Sep 2026
Coincu
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Bullish
PancakeSwap (CAKE) price jumps 11.33% amid accumulation signals despite wash trading concerns

PancakeSwap's token CAKE surged 11.33% to $2.02 on September 4, 2026, marking its strongest daily gain in weeks. The rally followed a prolonged period of sideways trading near its cycle low and was supported by net outflows from centralized exchanges, indicating accumulation by investors. However, on-chain data revealed that 75.5% of the trading volume was wash trading, suggesting that the apparent demand is inflated. Key holders who bought near the bottom are positioned to sell if the rally continues, presenting a potential price risk. Investors should watch exchange flows closely to gauge if the rally is backed by real buying or distribution.

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