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Pancakeswap’s CAKE Deflation Tops 518k Last Week

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

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 518k CAKE ($1.28M).

Pancakeswap’s CAKE Deflation Tops 518k Last Week

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 518k CAKE ($1.28M). The deflation figure comes after AMM V2 burned 123k CAKE ($303k), down 25%, and AMM V3 destroyed 479k CAKE ($1.18M), down 09%. AMM Infinity also destroyed 2.7k CAKE ($6.6k).  Other Sources (Prediction, Perpetual, etc.) burned 65k CAKE ($160k), down 11%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 3.6% today and is currently trading at $2.362.

 

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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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