CAKE Token Surges 7% as PancakeSwap Approves Supply Cut to 450M
- CAKE token up 7% following proposal to reduce maximum supply by 300M to 450M
- Over 90% of CAKE holders voted in favor of supply reduction
- Move pivots away from original hyperinflationary tokenomics model
- Despite jump, CAKE still far from all-time high of $44 in April 2021
- Recent PancakeSwap developments expanded to new chains, launched gaming marketplace