$BAKE price pump9.94%, affected by the introduction of the new Launchpad price protection mechanism

Gate News: BakerySwap (BAKE) announced that the new round of launchpad will be launched soon, and introduced a price protection mechanism to ensure that the token price will not be lower than the issue price. After the news was released, BAKE rose more than 10% in a short time.
gate data shows that the price of $BAKE has pumped 9.94% in the past 24 hours, with the current price at $0.2953, a market cap of $80.69M, and a 24-hour volume of $192.00K.