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Pancakeswap’s CAKE Deflation Hits 562k Last Week

Twitter icon  •  Published 6개월 전 on June 4, 2025  •  Hassan Maishera

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 562k CAKE ($1.30M).

Pancakeswap’s CAKE Deflation Hits 562k Last Week

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 562k CAKE ($1.30M). The deflation figure comes after AMM V2 burned 83k CAKE ($424k), down 41%, and AMM V3 destroyed 457k CAKE ($1.06M), up 60%. Other Sources (Prediction, Perpetual, etc.) burned 71k CAKE ($164k), down 8%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 1.4% today and is currently trading at $2.422.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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