The BNB chain’s BNB-Token and Pandekakeswaps cake bent market conditions with low volatility to 9.3% and 35% respectively, even when Bitcoin (BTC), the largest cryptocurrency, Rangebound remained for $ 96,200.

The cake has more than doubled over the past seven days, a step that coincided with an increase in trading volume, with $ 1.1 billion that has been chopped over the last 24 hours, according to CoinMarketcap data.

BNB, meanwhile, flipped Solana’s Sun -token with regard to market capital after a series of tweets from Binance founder Changpen Zhao, who suggested “interacting with Memecoins” on the BNB chain.

The move in BNB and cake is correlated because the cake is the native token for decentralized exchange pandakeswap, the largest protocol on the BNB chain.

The increase in activity comes as Bitcoin experiences a break. BTC has traded between $ 95,000 and $ 98,000 since February 8th.

Range -bottomed price action for BTC typically leads to an increase in activity in alternative cryptocurrencies or altcoins because dealers tend to look for more speculative bets. Over the past 24 hours, Lido, INJ, JTO and Hype have all achieved between 7% and 9%.