$CAKE SUPPLY SHOCK JUST HIT 🔥
PancakeSwap burned roughly 747,000 $CAKE, worth about $978K, permanently removing it from supply. Only 658,000 $CAKE was minted during the week, making the asset deflationary for the period.
This is the kind of supply pressure traders track hard. AMM Infinity burns jumped 119%, adding another signal that protocol activity is feeding directly into token mechanics. DEX narratives are heating up, and $CAKE just put fresh burn data on the board.
Not financial advice. Manage your risk.
#CAKE #PancakeSwap #DeFi #DEX #Crypto
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CAKEUSDT
Perp
1.3548
+0.48%