Testing out my $CAKE initial thesis:
- @cz_binance is back, he wants BNB ecosystem to rip
- 4 has ran from $400k to $140m in 2 days
- All BSC trench activity has value accrual to CAKE as the main dex
- $CAKE token pretty much no supply overhang, fully emitted
- Has more DEX volume today than all of the SOL dexes combined
- Up a lot today but literally nothing when you zoom out
- Confluence on the timeline and on-chain wallets
- $10m+ monthly buybacks
Real trenchers would dive into the BSC trenches and be early to 100x multiples. Lazy uncs like me can just get a slice of Cake and chill
Perhaps this is the first few hours of a rotation.
Perhaps its bullshit and I'm actually the exit liquidity.
Let's see.