PancakeSwap burns $1.65M CAKE as deflation accelerates
PancakeSwap (CAKE)
Editor:
Eugene Serbin
cryptowisser.com reports that PancakeSwap executed a token deflation of 749k CAKE, valued at $1.65M, on Tuesday. This volume represents a 29% increase from the previous week. The breakdown shows AMM V2 burned 250k CAKE ($549k), while AMM Infinity destroyed 10.8k CAKE ($24k).
Other sources, including Prediction and Perpetual markets, accounted for 30k CAKE ($66k) in burns. The protocol transitioned to the "Ultrasound CAKE" model in April 2023 to create a deflationary structure. This model combines real yield with reduced token emissions to incentivize locking.
Over 102% of minted CAKE is burned weekly under this system. The anonymous team of "Chefs" operates the open-source platform on BNB Chain. Security audits have been conducted by firms like Peckshield and Slowmist.
How the market reacted
Whalio's own Binance spot order flow for CAKE, measured when this story was written up on 9 September 2026. Not the outlet's figures.
CAKE is currently trading at $2.27 with a 24-hour buy ratio of 51.1%. The 1-hour buy ratio is 46.7%, indicating that short-term selling pressure is currently outpacing buying. However, the 4-hour buy ratio stands at 49.8%, showing a more balanced view over a slightly longer timeframe. Volume delta for the hour is negative at -$23,654, suggesting net outflows in the immediate term. Over the last 24 hours, the volume delta is positive at +$328,970, indicating net buying pressure over the day. The cumulative volume delta (CVD) at the 24-hour close is +$92,893, confirming that buyers have been dominant throughout the session.
The latest daily buy ratio of 43.6% sits at the 2nd percentile of the last 324 days, against a median of 50.6% - among the weakest 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 49.8%, making today's 24-hour ratio of 51.1% slightly above the weekly norm. Spot volume for the day reached $14,595,212, which is 1.53 times the weekly average. This volume surge occurred alongside a price increase of 24.9% over the eight-day period. Net buying days totaled 4 out of 7 in the previous week. The 24-hour volume delta of +$328,970 contrasts with the 8-day total volume delta of -$461,863, highlighting a recent shift toward net inflows.