According to ChainCatcher, Arkham monitoring shows that whale 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens from Bybit, worth $2.16 million. The whale also withdrew 800 BNB, worth approximately $576,000.
The PancakeSwap core team previously proposed “The Flip” governance proposal, which would increase the share of trading fees from v3 and Infinity liquidity pools allocated to liquidity providers (LPs) to 88% across all 11 supported blockchains, while reducing CAKE’s daily effective emissions from 22,500 tokens to 7,000, a decrease of approximately 69%.
The PancakeSwap core team previously proposed “The Flip” governance proposal, which would increase the share of trading fees from v3 and Infinity liquidity pools allocated to liquidity providers (LPs) to 88% across all 11 supported blockchains, while reducing CAKE’s daily effective emissions from 22,500 tokens to 7,000, a decrease of approximately 69%.