Pancakeswap’s native token (CAKE) has plummeted to $2.83 from roughly $3.33 within the final 24 hours — down over 15% at press time.
In response to Pancakeswap knowledge, the Complete Worth Locked-up (TVL) in CAKE is down nearly 4% on the day — accompanied by a 212.45% surge in quantity within the final 24 hours.
In response to BSCscan knowledge, a mass of ‘unlock’ calls’ — alongside ‘withdraw all’ calls — have spammed the CAKE good contract.
Mass unlocking of tokens preceded the occasion and presently proceed to spam the contract en-masse because the CAKE token endures a pointy sell-off.
(Article up to date to take away the affiliation of Pancakeswap with Cake DeFi)
The put up CAKE plunges 15% amid mass unlocks appeared first on CryptoSlate.
