PancakeSwap: CAKE supply decreased by 472,000 in April, which has been decreasing for 8 consecutive months
PancakeSwap announced that as of May 6, 2024, they have successfully burned 0.123% of the total supply of CAKE, marking eight consecutive months of decreasing total supply, with 2,575,069 CAKE tokens being destroyed.In April 2024, PancakeSwap had a net mint of -472,010 tokens. This negative net mint indicates that more CAKE tokens were burned than minted during that month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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