In May, PancakeSwap burned over 1.25 million CAKE tokens, reducing the supply by approximately 228,000 tokens
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.
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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