PancakeSwap’s proposal to decrease its token CAKE’s supply from 750 million to 450 million has received strong support, with nearly 98% of votes favoring the reduction.
Last Thursday, the decentralized exchange launched a voting initiative for the token’s supply cut. The results revealed that 97.88% of the voters backed the proposal.
Prominent crypto data platforms like CoinGecko and CoinMarketCap are set to adjust the CAKE token’s total supply data by January 4 in response to this decision.
After the voting, the value of CAKE stood at $3.70 at the time of writing. While there was a minor 1% dip in its value in the past day, CAKE Price noted a substantial 44% surge in CAKE’s worth over the previous week.
