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In May, PancakeSwap burned over 1.25 million CAKE tokens, reducing the supply by approximately 228,000 tokens
Bitget2024/06/07 05:51
PANews reported on June 7th that PancakeSwap announced it had successfully destroyed 0.059% of the total CAKE supply as of June 5th, marking a continuous decrease in the total CAKE supply for nine months.
In May, a total of 1,022,532 CAKE tokens were minted and 1,251,083 CAKE tokens were destroyed; resulting in a net minting amount of -228,551. This indicates that more CAKE tokens were destroyed than minted during this month.
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