PancakeSwap, a decentralized cryptocurrency exchange, has burned 9,155,328 CAKE tokens (worth approximately $23 million) from circulation. This burn was executed through PancakeSwap's CAKE Burn Mechanism, a feature designed to reduce the supply of CAKE tokens and increase their value. The burned tokens were sent to a dead wallet, effectively removing them from circulation permanently. This burn marks a significant milestone for PancakeSwap and is expected to have a positive impact on the value of CAKE tokens moving forward. ```