PancakeSwap Spikes After $72.3M of CAKE Burn, Will it Hit New ATH?
PancakeSwap price increases after $72.3 million of CAKE burn 530K new tokens are distributed daily through staking pools and liquidity farming. PancakeSwap’s CAKE token price surged after the exchange ends its weekly token burn, however, reducing the token supply by 5.3 million. Moreover, it jumped 11% prior to cooling off