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Pancakeswap’s CAKE Deflation Hits 516k Last Week

Twitter icon  •  Published 1 year ago on May 28, 2025  •  Hassan Maishera

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 516k CAKE ($1.27M).

Pancakeswap’s CAKE Deflation Hits 516k Last Week

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.

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Hassan Maishera Senior Reporter

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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