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Pancakeswap’s CAKE Deflation Hits 551k Last Week

Twitter icon  •  Published 23 घंटे पहले on May 21, 2025  •  Hassan Maishera

On Monday, the Pancakeswap team told its community via X that it had a deflation of 551k CAKE ($1.17M).

Pancakeswap’s CAKE Deflation Hits 551k Last Week

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 551k CAKE ($1.17M). The deflation figure comes after AMM V2 burned 154k CAKE ($329k), up 46%, and AMM V3 destroyed 459k CAKE ($977k), up 30%. Other Sources (Prediction, Perpetual, etc.) burned 85k CAKE ($182k), up 25%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 4.3% today and is currently trading at $2.393.

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Author

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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