Deep Dive
1. Delisting-Driven Volatility (September 2025)
Overview: Binance delisted BAKE on 17 September 2025 after a review flagged issues with compliance, trading volume, and development activity. This triggered a 25% price drop.
The exchange cited factors like project commitment, network stability, and regulatory alignment. The delisting reflects broader concerns about BAKE’s ecosystem health, as its codebase showed no significant updates to address these gaps.
What this means: This is bearish for BAKE because delistings reduce accessibility and liquidity, often signaling waning developer or institutional interest. (Source)
2. Speculative Price Surge (September 2025)
Overview: BAKE surged 500% to $0.19 on 10 September 2025 despite the delisting announcement, driven by short squeezes and speculative trading.
The rally lacked fundamental support, with no codebase upgrades or partnerships cited. Technical indicators like the RSI (75.78) flagged overbought conditions, suggesting manipulation rather than organic growth.
What this means: This is neutral for BAKE because such pumps are often short-lived, especially without underlying tech improvements. Traders should monitor for post-delisting sell-offs. (Source)
3. Post-Delisting Liquidity Risks (October 2025)
Overview: WazirX delisted BAKE on 22 October 2025 after a security breach, compounding liquidity challenges post-Binance.
No codebase fixes or audits were announced to address security concerns. The token’s reliance on centralized exchanges for liquidity became a critical vulnerability.
What this means: This is bearish for BAKE because repeated delistings erode trust and usability, highlighting risks for tokens without active development. (Source)
Conclusion
BAKE’s recent history revolves around exchange delistings and speculative volatility rather than codebase progress. With no visible updates to its protocol or security infrastructure, the project faces existential liquidity and trust challenges. Could BAKE pivot to decentralized governance or technical upgrades to regain relevance?