PancakeSwap CAKE: Token Burn

Name: Token Burn
Start: 2021-10-12T00:00:00Z
End: 2021-10-13T00:00:00Z

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Event date: October 12, 2021 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

PancakeSwap 🥞 #BSC
@PancakeSwap

🔥 7,063,863 $CAKE just burned - that’s $132M! 💰 This week we’ve bought back $205M of CAKE from the market (Trading, Prediction, NFT Market) 🔒 NFT Profile, Vault = $153k 🎟️ Lottery = $719k (38,347 CAKE) 🔨 Auction: burn moved to next week 🥞 Pancake Squad: $2.8M (148,561 CAKE)

PancakeSwap 🥞 #BSC
@pancakeswap

⚠️CORRECTION! We bought back 3.8M USD worth of CAKE from the market (trading fees, prediction, NFT market)-- that's 205.273 CAKE

CAKE Price Changes After Event Publication

CAKE Events on the Chart

0.78%

1 hour

2.29%

3 hours

9.72%

1 day

8.01%

2 days