PancakeSwap CAKE supply drops 14.5% as burns top $1 million in a week

PancakeSwap just posted one of its clearest supply-contraction weeks in recent memory, and the numbers are hard to ignore. The decentralized exchange reported a net negative mint of 427,000 CAKE tokens, a figure that shows more coins were destroyed than created over the past week. For anyone watching PancakeSwap CAKE supply trends, this is the kind of data point that tends to reshape how traders think about scarcity, demand, and where the token could head next.

Key takeaways

• PancakeSwap recorded a net negative mint of 427,000 CAKE, worth roughly $769,000.
• Total product burns hit 580,000 CAKE, valued at over $1 million this week.
• AMM v2 burned 254,000 CAKE, showing rising activity on that layer.
• AMM v3 burns fell 41%, a sharp contrast to v2’s momentum.
• Total CAKE supply now sits near 334 million, down 14.5% from its all-time peak.

PancakeSwap Reports Net Negative Mint and Significant CAKE Burns

The headline figure is simple but telling: PancakeSwap’s net mint for the week came in at -427,000 CAKE, according to the exchange’s own weekly data shared on social media. That negative number means burns outpaced new token creation, tightening circulating supply rather than expanding it. At current valuations, that net reduction translates to roughly $769,000 worth of CAKE effectively pulled from circulation.

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