CAKE plunges 15% amid mass unlocks; CEO says ‘sky-high yields' are history

Pancakeswap’s native token (CAKE) has plummeted to $2.83 from roughly $3.33 in the last 24 hours — down over 15% at press time. According to Pancakeswap data, the Total Value Locked-up (TVL) in CAKE is down almost 4% on the day — accompanied by a 212.45% surge in volume in the last 24 hours.