Willing7
$CAKE Recently saw two sets of data regarding CAKE burn, one said it was 1.33 million, the other said it was 1.27 million, a difference of 60,000 tokens. Now the total supply has dropped to 359 million.
Some may wonder: why is the amount of destruction decreasing instead of increasing? The reason is quite straightforward – this is a typical wash trading action. There are still tens of millions of chips lying in the DEFI pool waiting to be sold, and combined with the circulating supply in the market itself, these selling pressures must first be absorbed. Once the selling pressure in the market
Some may wonder: why is the amount of destruction decreasing instead of increasing? The reason is quite straightforward – this is a typical wash trading action. There are still tens of millions of chips lying in the DEFI pool waiting to be sold, and combined with the circulating supply in the market itself, these selling pressures must first be absorbed. Once the selling pressure in the market
CAKE1.8%