🔥PancakeSwap Burns 9M $CAKE Tokens🔥

💥Why❓️

🔹️To manage CAKE token supply

🔸️To increase CAKE token value

💥How❓️

🔹️Burned 9,586,824 CAKE tokens

🔸️Tokens worth approximately $15 million

💥Tokens came from:

🔹️Trading fees (AMM V2 and V3)

🔸️Prediction market

🔹️Lottery

🔸️NFTs

💥Goal:

🔹️Reduce circulating $CAKE token supply

🔸️Maintain deflationary pressure on CAKE

🔹️Make $CAKE more attractive to holders and investors

#Cake #Pancake #MarketPullback #CryptoMarketWatch #Write2Earn