Cryptocurrency Market Sentiment Shifts as PancakeSwap Undertakes $19M CAKE Token Burn
Analysis of PancakeSwap’s $19M CAKE Burn PancakeSwap, a leading multi-chain decentralized exchange (DEX), has undertaken a significant token burn, removing 8,947,590 CAKE tokens from circulation. This move, valued at approximately $19 million, is part of the platform’s ongoing efforts to manage the supply of its native token, CAKE. As of the latest burn, the total…