Affected by the bearish news, the price of BAKE experienced a sharp and temporary fluctuation, with a significant increase in contract trading volumes.

BlockBeats News, July 7th, According to market data, the price of BAKE experienced a sharp short-term fluctuation, with the lowest point reaching $0.0818 before rebounding. It is currently trading at $0.0917, representing a 2.01% increase in the past hour.

Furthermore, according to Coinglass data, BAKE's 24-hour trading volume has increased by 477.81%, reaching $43.8654 million.

In previous news, Binance added monitoring tags for BAKE, IDEX, and SLF.