PancakeSwap’s weekly CAKE burn jumps 27%
@PancakeSwap burned 365,000 $CAKE worth about $690K over the past week. The burns outpaced new tokens, for a net 214,000 CAKE removed from supply.
Its v2 and v3 trading pools did most of the work, burning 154,000 and 171,000 CAKE, while the newer Infinity pools burned 10,700 CAKE.
CAKE trades at $1.87, up 1.4% over the last 24 hours, with about 340 million tokens in total supply against a 400 million supply cap.