PancakeSwap Burns $1.56M CAKE as Deflation Continues
PancakeSwap (CAKE)
Editor:
Eugene Serbin
cryptowisser.com reports that PancakeSwap executed a token burn of 620,000 CAKE, valued at $1.56 million, on Tuesday. This weekly deflation represents a 32% decrease compared to the previous week. The total burn was driven by AMM V2 destroying 209,000 CAKE worth $526,000, which is down 10% from prior levels.
Additionally, AMM Infinity eliminated 22,900 CAKE valued at $58,000, marking a 16% decline. Other sources, including Prediction and Perpetual markets, burned 29,000 CAKE ($73,000), down 3%. The largest portion came from a separate category destroying 360,000 CAKE ($907,000), down 43%.
Since April 2023, the protocol has operated under the Ultrasound CAKE model via the CAKE Tokenomics v2.5 proposal. This structure combines real yield with reduced emissions, burning over 102% of minted CAKE weekly. The anonymous team of Chefs manages the open-source platform on BNB Chain, which has been audited by Peckshield and Slowmist.
How the market reacted
Whalio's own Binance spot order flow for CAKE, measured when this story was written up on 22 September 2026. Not the outlet's figures.
CAKE is currently trading at $2.55 with a 24-hour spot volume of $13,340,862 across 137,898 trades. Buying pressure is steady, with the 24-hour buy ratio at 53.0%, slightly higher than the 1-hour ratio of 52.6% and the 4-hour ratio of 52.5%. Positive volume deltas indicate net buying, with $803,701 added over 24 hours compared to $37,882 in the last hour. The Cumulative Volume Delta (CVD) closed at +$530,480, showing sustained accumulation over the day. Net buying occurred for 17 out of the last 24 hours, suggesting consistent demand rather than fleeting spikes.
The latest daily buy ratio of 62.4% sits at the 100th percentile of the last 323 days, against a median of 50.6% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for CAKE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.6%, making today’s 24-hour ratio of 53.0% an increase of 3.5 percentage points. Spot volume was 1.32 times the weekly average, indicating significantly higher activity than usual. This elevated volume coincided with a price change of +8.6% over the eight-day period. Net buying was recorded on 4 of the 7 days, with a total 8-day volume delta of +$286,819. Today’s metrics suggest a continuation of the bullish trend seen over the past week, with volume and buy ratios exceeding their weekly averages.