Vavada Banner
BTC $76,738.00 (-1.61%)
ETH $2,281.29 (-2.71%)
XRP $1.39 (-2.38%)
BNB $622.49 (-1.36%)
SOL $84.38 (-2.36%)
TRX $0.33 (+0.37%)
DOGE $0.10 (-0.95%)
HYPE $41.71 (+1.01%)
LEO $10.34 (+0.53%)
ADA $0.25 (-2.44%)
BCH $448.43 (-0.53%)
XMR $384.51 (-3.62%)
LINK $9.21 (-2.61%)
ZEC $354.36 (-0.16%)
CC $0.15 (-1.63%)
XLM $0.16 (-3.11%)
M $4.01 (-7.95%)
LTC $55.30 (-0.97%)
AVAX $9.16 (-2.69%)
HBAR $0.09 (-3.81%)

Pancakeswap Burns Nearly 7 Million Tokens

Twitter icon  •  Published 4 years ago on February 21, 2022  •  Hassan Maishera

The Pancakeswap team announced on Twitter earlier today that it has burned 6,864,564 CAKE tokens.

Pancakeswap Burns Nearly 7 Million Tokens

The Pancakeswap team announced on Twitter earlier today that it has burned 6,864,564 CAKE tokens. The burnt tokens were worth approximately $53 million. The team also bought back 328k CAKE ($2.5M) from the trading, prediction and NFT markets. 

PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is trading at $7.40 at press time, up by less than 1% so far today.

Litecoin Hit by Coordinated MWEB Exploit Triggering Chain Reorg and Double-Spend Attacks
Next article Litecoin Hit by Coordinated MWEB Exploit Triggering Chain Reorg and Double-Spend Attacks
OKX Banner

Author

Read Hassan Maishera's articles →
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.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
BC.game Banner
OKX Banner