CAKE Token Valuation Soars After Proposal to Cut Supply by 300 Million

By: Eliza Bennet

PancakeSwap's CAKE token value surges by some 4% subsequent to a proposal that aims to slash its maximum supply from 750 million to 450 million. The community has shown tremendous support for this proposal, with more than 99.95% of them, constituting about 70,000 votes, backing the proposition almost immediately after its introduction.