PancakeSwap’s CAKE token jumps 10% as proposal gains traction to practically half the max token supply
PancakeSwap’s native CAKE token price surged nearly 10% today, according to CryptoSlate’s data, following the decentralized exchange (DEX) proposal to reduce its maximum supply by 300 million to 450 million tokens. There are currently roughly 386 million CAKE tokens issued, with 267 million in the circulating supply. The circulating supply is, therefore, around 35% of...