According to BlockBeats, PancakeSwap has recently conducted a significant token burn. On July 15, the platform destroyed 8,820,499 CAKE tokens, which are valued at approximately $17 million. This move is part of PancakeSwap's ongoing efforts to manage the supply of its native token and potentially enhance its value.
PancakeSwap Burns Over 8.8 Million CAKE Tokens Worth $17 Million
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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