Coinspeaker
PancakeSwap Burns Over 9.2M CAKE Worth More than $27M, Signaling Huge Bullish Uproar Soon
In a bid to ensure token deflationary, PancakeSwap (CAKE), the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), announced that it has already incinerated 9,219,752 $CAKE units worth more than $27 million. As a result, PancakeSwap has so far burned more than 1.25 billion CAKE tokens, worth more than $3.7 billion, thus representing around 76.4 percent of the total circulating supply.
Direct Impact on CAKE Prive Action
Amid the ongoing crypto recovery following a choppy weekend, CAKE price has rebounded more than 8 percent in the last 24 hours to trade around $2.94 on Monday during the early New York session. According to on-chain data, CAKE has more than 1.63 million non-zero addresses, which have already made nearly 200 million transfers.
Notably, the CAKE token is a mid-cap altcoin that has a fully diluted valuation of about $1.1 billion and a daily a
We współpracy z: https://www.coinspeaker.com/pancakeswap-burns-9-2m-cake/
