Pancakeswap’s CAKE Deflation Hits 516k Last Week

Cryptowisser · 2025-05-28T05:55:56+00:00

Pancakeswap announced a deflation of 516k CAKE ($1.27M) with AMM V2 burning 309k CAKE ($761k) and AMM V3 destroying 286k CAKE ($704k). Other sources burned 77k CAKE ($190k). CAKE is up 4.9% to $2.806.

Cryptowisser

2025-05-28 05:55:56

Abstract generation in progress

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 516k CAKE ($1.27M). The deflation figure comes after AMM V2 burned 309k CAKE ($761k), up 100%, and AMM V3 destroyed 286k CAKE ($704k), down 38%. Other Sources (Prediction, Perpetual, etc.) burned 77k CAKE ($190k), down 10%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 4.9% today and is currently trading at $2.806.

CAKE0,97%

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