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Pancakeswap’s CAKE Deflation Hits 508k Last Week

Twitter icon  •  Published 11 months ago on May 6, 2025  •  Hassan Maishera

On Monday, the Pancakeswap team told its community via X that it had a deflation of 508k CAKE ($984k).

Pancakeswap’s CAKE Deflation Hits 508k Last Week

On Monday, the Pancakeswap team told its community via X that it had a deflation of 508k CAKE ($984k). The deflation figure comes after AMM V2 burned 183k CAKE ($354k), up 15%, and AMM V3 destroyed 426k CAKE ($825k), down 21%. Other Sources (Prediction, Perpetual, etc.) burned 79k CAKE ($152k), up 4%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 2% today and is currently trading at $1.992.

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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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