PancakeSwap’s (CAKE) price increased nearly 3% on Monday after the decentralized exchange platform on the Binance Smart Chain (BSC) announced a token burn of more than 8.9 million CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3 of the platform.
PancakeSwap burned over 8.9 million
tokens, collected from trading fees across Automated Market Makers Version 2 and 3 of the platform. just burned - that’s $25M! Trading fees : 119k +17% ️ Lottery:… pic.twitter.com/wNWNTp2mrt — PancakeSwap v4 May 6, 2024 PancakeSwap had collected 119,000
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