AMB Crypto
2023-02-20 21:30:00

Less CAKE on the menu? This is how PancakeSwap intends to make party bigger

About 3.75% of CAKE’s circulating supply was burned in the latest round. Buoyed by whales’ accumulation, the token’s prospects looked bullish. PancakeSwap removed more than seven million CAKE tokens out of circulation as part of its burn program, intended to add deflationary pressure on the coin. The tokens burned were worth $30 million in value.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.