🎉🎉Good news! Odaily Planet Daily reported that PancakeSwap's latest official announcement showed that as of July 3, PancakeSwap had destroyed 0.101% of the total supply of CAKE tokens in June. This means that the total supply of CAKE has been decreasing for ten consecutive months! 😮😮

In June, PancakeSwap minted a total of 997,924 CAKEs and destroyed 1,386,355 CAKEs. This means that the net minting volume is -388,431, that is, the number of CAKEs destroyed exceeds the number of mintings. 👏👏

This move has an important impact on the value of CAKE. In the case of a decrease in supply, if demand remains the same or increases, then the value of CAKE may rise. This is undoubtedly good news for holders of cryptocurrencies such as Bitcoin! 🚀🚀

However, market conditions are complex and changeable, and investment should be cautious. Let us continue to pay attention to global blockchain regulatory trends, industry trends, cryptocurrency news, and witness the development of the blockchain industry together! 🔍🔍