PancakeSwap's CAKE token price increased by 1.8%, trading volume rose, and technical indicators show short-term momentum has improved. A key governance proposal suggests reducing CAKE's maximum supply by 11.1%, from 450 million to 400 million tokens. This move aims to stabilize the price by reducing future dilution risk. Upcoming catalysts in January include the BNB Chain Fermi hard fork on January 14th (aimed at improving network efficiency) and a cross-community AMA event.
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PancakeSwap's CAKE token price increased by 1.8%, trading volume rose, and technical indicators show short-term momentum has improved. A key governance proposal suggests reducing CAKE's maximum supply by 11.1%, from 450 million to 400 million tokens. This move aims to stabilize the price by reducing future dilution risk. Upcoming catalysts in January include the BNB Chain Fermi hard fork on January 14th (aimed at improving network efficiency) and a cross-community AMA event.