Decentralized Exchange PancakeSwap Announces Massive CAKE Token Burn Amid Rising Trading Fees
Popular decentralized exchange PancakeSwap has recently announced the burn of over 9 million of its native $CAKE tokens in a move that destroyed over $19 million worth of tokens, in a move that helps to reduce their circulating supply. In a post on the microblogging platform X (formerly known as Twitter) PancakeSwap’s team broke down…