$2.8 millions CAKE token burn as Coin hits $0.75 by lebey1

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hive-167922 · @lebey1 · Jan 18 '21

$1.08

$2.8 millions CAKE token burn as Coin hits $0.75

![IMG_20210118_230744.jpg](https://files.peakd.com/file/peakd-hive/lebey1/9iuAciAs-IMG_20210118_230744.jpg) <center>[source](https://pbs.twimg.com/profile_images/1343895653785554944/c6z3sWsY.jpg)</center>

I have been keeping tabs on CAKE tokens for quite some time now. It was even among the coins listed in my new year's crypto resolution article. At the moment, I have close to 75 of the tokens (I can't place an exact figure of how many I have).

CAKE is the native coin of the pancakeswap.finance exchange and today they announced the biggest Cake burn with the view of burning more next week.

 
![Screenshot_20210118231940.png](https://files.peakd.com/file/peakd-hive/lebey1/Y1EEREKx-Screenshot_20210118-231940.png) <center>[source](https://twitter.com/PancakeSwap/status/1351200003470057486?s=19)</center>

A total of close to 4 million Cake tokens were burnt by the exchange. At the time of burning, one CAKE was worth $0.72. 

For those not new to CAKE, one would know that this is not the first time they have burn their tokens. In fact I have lost count of how many times  CAKE has been burnt. 

The economic impact of this is to make the coin more valuable and more scares their by shooting the value of the token up.  As of the time of writing, CAKE is valued at $0.75 
. 
![Screenshot_20210118232858.png](https://files.peakd.com/file/peakd-hive/lebey1/vZB4qFlU-Screenshot_20210118-232858.png) <center>[source](https://www.coingecko.com/en/coins/pancakeswap)</center> 

The coin is expected to further increase as more project continues to launch their project through their exchange. 

CAKE is still way below its all time high price which was $1.42 in September 2020. If the burining Continues at this rate, it's expected to attain a new all high value in the coming months. 






Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lebey1/usd2-8-millions-cake-token-burn-as-coin-hits-usd0-75)

👍 leo.voter, spectrumecons, captainhive, galberto, lbi-token, dylanhobalart, nolyoi, taskmaster4450le, pixelfan, uwelang, tin.aung.soe, rollandthomas, globalcurrencies, roleerob, vegoutt-travel, cryptoaeneas, leofinance, adambarratt, lebey1, holbein81, localgrower, rodent, engrsayful, babytarazkp, gadrian, paragism, spinvest-leo, actioncats, hashkings, leovote, snoochieboochies, travelwritemoney, alokkumar121, megavest, deadswitch, jeline.sports, nathen007.leo, beehivetrader, princeemmanuel, tiffin, oakshieldholding, tonimontana.leo, botony, mk-leo-token, haxxdump, beewolf, abh12345.leo, rpi, abdul.qadir, leoneil.leo

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captainhive	283,031,467,857	16%
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localgrower	4,230,592,446	5.2%
actioncats	1,789,802,215	3%
beehivetrader	788,230,449	2.5%
deadswitch	912,875,534	26%
leoneil.leo	0	5%
nolyoi	56,967,235,194	100%
abdul.qadir	0	3%
leovote	1,692,587,510	50%
cryptoaeneas	8,014,697,749	11%
tin.aung.soe	21,071,686,499	31%
nathen007.leo	836,855,212	13%
lbi-token	90,516,810,341	26%

@cryptoaeneas · Jan 19 '21

!WINE



---

<center><sub>[Posted Using Aeneas.Blog](https://www.aeneas.blog/@cryptoaeneas/qn68w1)</sub></center>

properties (22)

@wine.bot · Jan 19 '21

<center>
<sup>Cheers, @cryptoaeneas You Successfully Shared <b>0.100 WINE</b> With @lebey1.</sup>
<sup>You Earned <b>0.100 WINE</b> As Curation Reward.</sup>
<sup>You Utilized <b>3/3</b> Successful Calls.</sup>

<img src="https://files.peakd.com/file/peakd-hive/theguruasia/0Mg2vSTo-Wine3Greeting.png" alt="wine-greeting">

---
<sup>[WINE Current Market Price](https://hive-engine.com/?p=market&t=WINE) : <b>1.100 HIVE</b></sup>
</center>

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@galberto · Jan 19 '21

Where i bought.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@galberto/re-lebey1-6gcbc4)

👍 lebey1

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@lebey1 · Jan 19 '21

You can purchase from Binance or PancakeSwap.finance. It's literally available on all popular exchanges 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lebey1/re-galberto-2gm5vg)

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@poshbot · Jan 18 '21

https://twitter.com/mr\_lebey/status/1351299011404328960

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