Can I recoup my investment in CAKE token?
Published on HivePostify by @behiver · Mon Sep 07 2026
Not the previous bull run, but the one before I was on the high horses with my crypto investments. In those times my Splinterlands assets were worth around 6 figures and if I would have sold them probably some part of my life would change for the better. But one thing that I lacked back in the days was knowing to take profits. So instead of selling all of my NFT collection in Splinterlands, I chose to sell only a part of it which amounted at the time in about $6k. But as there was so much hype in that bull run, I put all that money into $CAKE (PancakeSwap) thinking that participating as a Liquidity Provider would get me faster earnings that I can compound and repeat. Only that it didn't happen like I planned out.
Splinterlands went with a huge amount of new NFT packs in a new Edition (I think over 10 million if them) and Splinterlands assets devalued like crazy to minus -10x or even -20x. So that was a bust for me. But I still had my CAKE which I bought at a price of $25. Guess what? They took the path of a fast rise through inflation release of token rewards to LPs. And day by day, that assets started devaluing incrementally as well. There was no stopping it and I was thinking it will go near zero like Splinterlands assets. And up until this year it almost did, when the team decided to turn deflationary, burn tokens and try to revive the project to the glory days. The current bullish moments the market experienced, pulled CAKE upwards as well and show some promise. But what was really the root cause for this positive uptrend? Well, let's take a look on that.
CAKE deflationary system and burning achievements CAKE now has a 400M hard cap, reduced from 450M in January 2026. More importantly, PancakeSwap seems to be been running net-deflationary supply since September 2023. The target under Tokenomics 3.0 is roughly 4% annual deflation and about 20% cumulative supply reduction by 2030. Burns are funded by actual protocol activity rather than simply promising future burns. The recent numbers are quite striking: - June: 2.40M CAKE burned vs 653K minted → -1.75M net - July: 1.94M burned vs 674K minted → -1.27M net Cumulative net reduction since Sept. 2023: 57.2M+ CAKE by early August. So the narrative has shifted from CAKE having huge emissions towards CAKE becoming a scarce, revenue-linked token. And that starts to be reflected in the price, even if we are far away from previous ATH and not sure they will be able to retrace that.
CAKE goes strong into the tokenized stocks market But what I think can truly make a difference on CAKE are the tokenized stocks that are acting as a growth use case. This is where things get really interesting and where volume has exploded in July: $50M in June to more than $1B in July. That includes stocks, ETFs, bonds and other tokenized RWAs. PancakeSwap now has 500+ tokenized stocks/ETFs and other assets available through its stock terminal, with products from Binance bStocks, Ondo, xStocks and Robinhood.
Recently CMC reports that PancakeSwap is handling around 37.3% of bStocks volume on BNB Chain in a 24-hour period, with more than $3B in tokenized-stock volume on PancakeSwap v3 during 2026. That's potentially a much bigger story than just another DEX and DeFi platform. PancakeSwap is trying to become a 24/7 on-chain trading venue for traditional assets and being linked to Binance I think it will capture a good portion of the market share. This is why I have some hopes about it that it could get back on a high horse.
Now in my case from CAKE bought at $25 as I put the tokens at work I have succeeded to lower the average buying price at about $14. That means about x6 - x7 from the current levels and with the deflationary model together with stocks tokenization, I might have a chance to get back some of it. I am not in any hurry with it and if they really changed the strategy and sticking with it, we might see a come back from it. Nothing is certain, but as myself I am an optimist, I will keep the flame of hope burning for this dusty asset in my portfolio.
Tags: #binance#pancakeswap#cake#bstocks#bnb#dex#defi#crypto#splinterlands#hive