BinanceChain: Day 3
What Happened to Syrup
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!