Recently, there have been abnormal fluctuations in the liquidity pool of the CAKE project. Some community members reported that liquidity was withdrawn on a large scale, followed by significant selling pressure on the token price.
On-chain data does show records of large amounts of funds being removed from the pool. The timing of these operations and the subsequent price movements have caused many token holders to become concerned.
So far, the project team has not provided a clear response. For incidents involving fund security and project transparency, the official team should step forward and explain the situation—where did the funds go? Why was this operation carried out at this particular time?
The vitality of DeFi projects lies in their trust mechanism. Hopefully, the CAKE team can provide a reasonable explanation as soon as possible, as this concerns the interests of the entire community.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
1
Repost
Share
Comment
0/400
DeerDingFangYi
· 12-04 12:34
Urgent Notice! Pi Coin holders must see: Top influencer Youlong's prediction upgraded again, $0.1 is just the starting point—will it drop even further? 🔥 Do you dare to bet that he's wrong? If it really drops to this price, will you take the opportunity to buy in, or stay away from Pi Coin for good? Share your thoughts in the comments!
Recently, there have been abnormal fluctuations in the liquidity pool of the CAKE project. Some community members reported that liquidity was withdrawn on a large scale, followed by significant selling pressure on the token price.
On-chain data does show records of large amounts of funds being removed from the pool. The timing of these operations and the subsequent price movements have caused many token holders to become concerned.
So far, the project team has not provided a clear response. For incidents involving fund security and project transparency, the official team should step forward and explain the situation—where did the funds go? Why was this operation carried out at this particular time?
The vitality of DeFi projects lies in their trust mechanism. Hopefully, the CAKE team can provide a reasonable explanation as soon as possible, as this concerns the interests of the entire community.