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PancakeSwap supports deflationary plan for CAKE token

Maintaining deflationary model: PancakeSwap will retain its deflationary model for CAKE, focusing on regular token burns. This strategy has helped maintain CAKE’s value, distinguishing it from other DEXs that deploy new rewards and incentives to attract users.

CAKE burns and market value: Recently, 8,587,275 CAKE tokens, valued at around 34 million USD, were burned. The price per token surged to 3.50 USD, the highest since 2022, suggesting a reinforced market position despite the lack of external incentives.

Upcoming v4 launch potential: The anticipated launch of PancakeSwap V4 is expected in December 2024. This update is likely to enhance trade conditions with improved liquidity, possibly revamping the market stance of CAKE significantly.

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