The PancakeSwap team notified its community via X on Monday that it burned 8,924,466 CAKE tokens (worth $25 million) this week.🔥💰
- This is part of PancakeSwap's deflationary policy.
- Burned tokens are no longer in circulation, which may increase the value of remaining tokens.📈
How do you think this move will affect the value of the CAKE token? We are waiting for your comments!👇