PancakeSwap burns over 8.8 M CAKE coins
๐ฅ PancakeSwap is making strategic moves in DeFi! They've burned a whopping 8.8 million $CAKE tokens (worth $17M) to enhance scarcity and bolster prices. ๐ Transaction fees in AMM V2 dipped by 14% to $151k, while AMM V3 surged 62% to $228k. Non-AMM activities skyrocketed by 2,187% to $12k. ๐๏ธ Despite a 13% dip in predictions, PancakeSwap's outlook remains bullish with a 3.70% daily gain, trading at $1.98.
๐ Could this lead to a $5 price target by 2024? Stay tuned!
