PancakeSwap (CAKE) Open Interest Grows 326% As Price Nears $3

PancakeSwap (CAKE) has experienced a notable recovery recently, surging by 55% over the past week. This sharp rise has reversed the significant losses seen in late February, with the altcoin now trading at $2.68.  As the price has soared, traders and investors have become increasingly bullish, prompting a surge in trading activity and increased optimism for future price movements source: https://beincrypto.com/pancakeswap-cake-open-interest-surges/