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Pancakeswap’s CAKE Deflation Tops 587k Last Week

Twitter icon  •  Published för 9 månader sedan on July 1, 2025  •  Hassan Maishera

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 587k CAKE ($1.36M).

Pancakeswap’s CAKE Deflation Tops 587k Last Week

On Tuesday, the Pancakeswap team told its community via X that it had a deflation of 587k CAKE ($1.36M). The deflation figure comes after AMM V2 burned 153k CAKE ($354k), down 10%, and AMM V3 destroyed 499k CAKE ($1.16M), up 6%. AMM Infinity also destroyed 2.6k CAKE ($6k).  Other Sources (Prediction, Perpetual, etc.) burned 82k CAKE ($190k), up 4%.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 4.1% today and is currently trading at $2.244.

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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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