PancakeSwap burned 1,790,527 CAKE tokens in October, surpassing the 674,316 tokens minted that month. This resulted in a net supply decline of 0.339%, continuing a 38-month streak of reducing the total CAKE supply. The burn is part of PancakeSwap's fee-funded buy-and-burn mechanism, which uses a portion of weekly fees to buy and burn CAKE tokens, helping to reduce supply and potentially support token value.
As of Nov 05, 2026 03:41 WIB, PancakeSwap's CAKE token trades at Rp36.312 on Pluang, showing a strong 1-day gain of 6.47%. The token's circulating supply stands at 328.3 million out of a total 400 million CAKE, representing 83% availability. Despite a majority of sell orders at 65%, the market cap remains robust at Rp12.05 trillion, highlighting sustained investor interest.
