BAKE Experiences Brief Surge, Followed By Rapid Decline

According to BlockBeats, on June 16, BAKE experienced a brief surge of 13% at 13:40, breaking through $0.52. However, it quickly fell back, with the current price reported at $0.459. Data from Coinglass shows that within one hour, the contract market for BAKE had the second-highest liquidation volume, only behind ETH, which had a liquidation of $404,600. BAKE recorded a liquidation of $140,800. This rapid rise and fall of BAKE's price indicates a volatile market condition for this cryptocurrency.