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Pancakeswap’s CAKE Deflation Hits 705k Last Week

Twitter icon  •  Published 1 year ago on April 8, 2025  •  Hassan Maishera

On Monday, the Pancakeswap team told its community via X that it had a deflation of 705k CAKE ($1.18M).

Pancakeswap’s CAKE Deflation Hits 705k Last Week

On Monday, the Pancakeswap team told its community via X that it had a deflation of 705k CAKE ($1.18M). The deflation figure comes after AMM V2 burned 208k CAKE ($347k), up 52%, and AMM V3 destroyed 612k CAKE ($1.02M), down 4%. Other Sources (Prediction, Perpetual, etc.) burned 103k CAKE ($172k), up 13%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 8% today and is currently trading at $1.745.

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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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