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

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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