On May 9, PancakeSwap announced that as of May 6, 2024, PancakeSwap had successfully destroyed 0.123% of the total supply of CAKE, marking the eighth consecutive month of decrease in the total supply of CAKE, a decrease of 2,575,069 CAKE.
In April 2024, PancakeSwap had a net minting of -472,010. This negative net minting indicates that more CAKE tokens were destroyed than minted during the month.
PancakeSwap: CAKE supply decreased by 472,000 in April, which has been reduced for 8 consecutive months
2024-05-09 04:40:38
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