News - PancakeSwap aims to drastically reduce CAKE supply

By Luc Vesters

PancakeSwap aims to drastically reduce CAKE supply

The decentralized crypto exchange PancakeSwap wants to drastically reduce its maximum token stock. As the development team explained in a blog post writes, the maximum supply should be 450 million CAKE. Previously, the supply limit was 750 million.

The community rejoiced: after all, investors expected positive price reactions from the supply reduction. In fact, this has already happened: Within 24 hours, CAKE was up 13.2 percent, but after this it also fell 8 percent. At the time of writing, the price is $2.49.

In the blog post, the authors write, "The reduction in token supply is a crucial step to achieve "Ultrasound CAKE" and send a clear signal for PancakeSwap's move away from a hyperinflationary tokenomics model." However, since the all-time high of $42.46 in May 2021, the CAKE price has fallen 94 percent.

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