Data: A whale withdrew 1 million CAKE from CEX, worth 2.16 million USD

According to Arkham monitoring, whale 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens from Bybit, worth 2.16 million dollars. Additionally, the whale also withdrew 800 BNB, worth approximately 576,000 dollars.

The core team of PancakeSwap previously proposed "The Flip" governance plan, intending to increase the proportion of trading fees from the v3 and Infinity liquidity pools allocated to liquidity providers (LP) to 88%, covering all 11 supported blockchains, while reducing the daily effective emission of CAKE from 22,500 tokens to 7,000 tokens, a decrease of about 69%.