PancakeSwap Burns 9 Million+ CAKE Tokens Worth $15 Million
The multi-chain decentralized exchange PancakeSwap has announced the burning of 9,586,824 CAKE tokens, valued at approximately $15 million. This initiative is part of PancakeSwap's ongoing strategy to control CAKE’s supply and enhance its value.
📉 Net Weekly Emission: -752k CAKE (-$1.18M) -19%
💰 AMM V2: 333k CAKE ($523k) +129%
💰 AMM V3: 574k CAKE ($902k) -34%
💰 Other Sources (Prediction, Perpetual, etc.): 115k CAKE ($180k) +86%
🔥 Proof of burn: https://bscscan.com/tx/0x5...
#PancakeSwap #CAKE #tokenBurns
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The multi-chain decentralized exchange PancakeSwap has announced the burning of 9,586,824 CAKE tokens, valued at approximately $15 million. This initiative is part of PancakeSwap's ongoing strategy to control CAKE’s supply and enhance its value.
📉 Net Weekly Emission: -752k CAKE (-$1.18M) -19%
💰 AMM V2: 333k CAKE ($523k) +129%
💰 AMM V3: 574k CAKE ($902k) -34%
💰 Other Sources (Prediction, Perpetual, etc.): 115k CAKE ($180k) +86%
🔥 Proof of burn: https://bscscan.com/tx/0x5...
#PancakeSwap #CAKE #tokenBurns
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2 months ago
