hello dear trader and investors
this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone
and fundamentally:
A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859
CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development.
9,039,859
CAKE just burned – that’s $16M!
PancakeSwap Commences a Token Burn of up to 9,039,859
CAKE Tokens
In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the
CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform.
In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000
CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000
CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone
and fundamentally:
A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859
9,039,859
PancakeSwap Commences a Token Burn of up to 9,039,859
In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the
In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000
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