PancakeSwap Announces 9,039,859 $CAKE Token Burn

PancakeSwap Commences a Token Burn of up to 9,039,859 $CAKE Tokens

In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the $CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform.

In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 $CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 $CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.

https://blockchainreporter.net/pancakeswap-announces-9039859-cake-token-burn/

1 thought on “PancakeSwap Announces 9,039,859 $CAKE Token Burn”

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