🔥 6,149,446 $CAKE just burned – that’s $123M!
💰 445k CAKE ($4.9M) bought back from the market (Trading, Prediction, NFT Market)
🔒 NFT Profile, Vault: 246k CAKE ($4.9M)
🎟 Lottery: 37k CAKE ($751k)
🛍 $DAR IFO: 86K CAKE ($1.7M)
Proof of burn:
https://www.bscscan.com/tx/0xeb4566002746b60854383fac03c61cebd6576a04a92c9652e4007a09d38a34f9
That’s roughly double the amount bought back from trading fees, prediction, and nft market compared to last week.
More trades = more CAKE burned.
Read about the emission rate and deflationary mechanics here:
https://docs.pancakeswap.finance/tokenomics/cake/cake-tokenomics/
Last week's burn:
https://www.reddit.com/r/pancakeswap/comments/qkejeb/5827440_cake_just_burned_thats_104m/?utm_medium=android_app&utm_source=share