Cake Price Plunges Amid Broader Crypto Risk-Off Selloff

Cake's price has declined by 3.4% over the last 33 hours due to a broad crypto risk-off selloff, not any specific events related to the asset.

The move aligns closely with the broader altcoin market, which saw a decline of around 4.2%, from $2.14 trillion to $2.05 trillion in total crypto market cap.

Several articles over the last 24-36 hours point to a clear risk-off shift and heavy liquidation environment that hit the whole crypto market.