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Binance is quietly hoarding $CAKE, what is he planning?
Binance is quietly hoarding $CAKE and will revive PancakeSwap in the future.
What is being planned from an Onchain and database perspective?
$CAKE has shaken up all established holders after splitting 40x from its peak to $1. However, in early November, Binance began secretly hoarding funds again in preparation for a new cycle.
Firechart data shows that the gathering power in the market has reached $50 million and shows no signs of stopping. In the near future, $CAKE may fall further to collect more commodities. Currently, 10% of Binance’s total circulation has been recycled
Binance's hot wallet has recently moved a large amount of $CAKE, but since there is not enough liquidity to sell in the $4 to $1 price range, the price has become too low for distribution.
What is being planned from an Onchain and database perspective?
$CAKE has shaken up all established holders after splitting 40x from its peak to $1. However, in early November, Binance began secretly hoarding funds again in preparation for a new cycle.
Firechart data shows that the gathering power in the market has reached $50 million and shows no signs of stopping. In the near future, $CAKE may fall further to collect more commodities. Currently, 10% of Binance’s total circulation has been recycled
Binance's hot wallet has recently moved a large amount of $CAKE, but since there is not enough liquidity to sell in the $4 to $1 price range, the price has become too low for distribution.
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CAKE
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-15.73%
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