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Pancakeswap’s CAKE Deflation Hits 557k Last Week

Twitter icon  •  Published 1 year ago on April 15, 2025  •  Hassan Maishera

On Monday, the Pancakeswap team told its community via X that it had a deflation of 557k CAKE ($1.04M).

Pancakeswap’s CAKE Deflation Hits 557k Last Week

On Monday, the Pancakeswap team told its community via X that it had a deflation of 557k CAKE ($1.04M). The deflation figure comes after AMM V2 burned 134k CAKE ($251k), down 36%, and AMM V3 destroyed 599k CAKE ($1.12M), down 2%. Other Sources (Prediction, Perpetual, etc.) burned 97k CAKE ($181k), down 6%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 2% today and is currently trading at $1.849.

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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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