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BinanceChain: Day 3
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BinanceChain: Day 3

What Happened to Syrup

Alpha Alarm | Covalent
Jun 2, 2021
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BinanceChain: Day 3
alphaalarmhq.substack.com

For those who have been with PancakeSwap for a while, you may be familiar with the governance token SYRUP. After SYRUP tokens were falsely minted and sold due to a contract flaw, SYRUP was discontinued, and users now stake with CAKE! 🍰


We decided to look into the recent SYRUP transfer activity (May 12-29) on BinanceChain. The vast majority of tokens are being sent to the v1 and v2 PancakeSwap router (grey receivers).


Interestingly, the highest count of transfers are occurring between 2 pools and the mint/burn address (white). Tomorrow we're gonna check out CAKE! 


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BinanceChain: Day 3
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