PancakeSwap Burns $19M in CAKE: Are They Cooking Up a Rally?
PancakeSwap just completed a more than 8.9 million CAKE burn.
This process removes the token from circulating, creating scarcity that can impact price rallies.
PancakeSwap is innovating with new tools to boost retail participation.
Details of the PancakeSwap Burn
🔥 8,947,590 $CAKE just burned – that’s $19M!
💰 Trading fees (AMM V2): 167k CAKE ($365k) +16%💰 Trading fees (AMM V3): 140k CAKE ($306k) +21%💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 6,711 CAKE ($14.6k) 🔮 Prediction: 66k CAKE ($144k) +58%🎟️ Lottery:… pic.twitter.com/03eZHI2Tqq
— PancakeSwap (@PancakeSwap) January 13, 2025
🔥 8,947,590 just burned – that’s $19M!
💰 Trading fees (AMM V2): 167k CAKE ($365k) +16%💰 Trading fees (AMM V3): 140k CAKE ($306k) +21%💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 6,711 CAKE ($14.6k) 🔮 Prediction: 66k CAKE ($144k) +58%🎟️ Lottery:…
— PancakeSwap (@PancakeSwap)