No single dated event in the next 90 days.
Fees buy back and burn more CAKE than is minted.
CAKE is the token of PancakeSwap, a trading app on BNB Chain and other networks: 318.31M coins circulate. Fees buy CAKE back every week and burn it.
Sell pressure. Pool rewards added 1.61M CAKE in 90 days, and old staking locks returned 0.75M. There is no vesting.
Buy pressure. The weekly buyback burned 7.23M CAKE, about $13.7M. At today's price the same dollars burn about 5.51M next.
Net. Net, supply shrinks about 1.53%, and about 1.17% next.
New CAKE is minted for every block, but almost all of it is sent straight back to be burned. Only a small share is kept as rewards for special pools: 1,612,146 CAKE in these 90 days, about 17,900 a day. About half of it went to the team's ecosystem wallet, which grew from 4.53M to 5.49M CAKE.
CAKE has no team or investor vesting. Every coin comes from the per-block mint, and the mint only ever paid two places: the reward contracts and the burn wallet.
The team's ecosystem wallet holds about 5.49M CAKE and only took coins in this window. Those coins already count as circulating (they were counted when they were minted), so spending them adds nothing new. The new treasury that gets side-product fees is not public. The cap is 400M CAKE, about 64M above today's supply, but there is no plan to use that room.
Old staking locks were retired in 2025, and holders are still taking their coins out. Two old lock contracts fell from 19.35M to 18.60M CAKE: 747,572 CAKE came back into the market. 575,065 of it left in one go between Aug 26 and Aug 28 2026. The rest is a slow drip, so only the drip, about 172,500 CAKE, is expected in the next 90 days.
Part of the trading fees buys CAKE on the open market every week, and all of it is burned. In 13 weekly burns that came to 7,231,412 CAKE, about $13.7M. The coins go to a dead address no one can spend from. The next 90 days assume the same dollars at today's price of about $2.49, which buys about 5.51M CAKE.
Small side products added 7,210 CAKE to the burn, and a few holders burned 3 CAKE themselves. Since a June 2026 vote, most side-product fees go to the treasury instead, so this stays small.
No team wallet buys CAKE outside the weekly burn. The ecosystem wallet only receives new rewards; it bought nothing this window.
Long locks ended with the 2025 tokenomics change. CAKE staked in pools today can be taken out at any time, so it still counts as circulating.
Two sides: how much people want CAKE right now, and how much buying could come later.
This part is based on social media. It shows how hot CAKE is right now. A better rank means more people are talking about it.
Today, people are talking about CAKE for one reason:
On Oct 13 2026 PancakeSwap's team shared a plan called "The Flip": liquidity providers on v3 and Infinity pools would keep 88% of swap fees, up from about two-thirds today. New CAKE would drop from 22,500 to 7,000 a day, so 15,500 fewer CAKE are made every day. People ask whether the vote will pass, and why the other 12% goes to the treasury instead of to CAKE burns.
Checked Oct 14 2026
By the law of supply and demand, PancakeSwap's long-run signal is positive (Oct 15 2026, score 8/10). New supply: −1.17% in the next 90 days. Demand: moderate (3/5). PancakeSwap's price drivers: 2 ▲ price up, 0 ▼ price down.
PancakeSwap, narrowly: 8.5/10 against Uniswap's 7.5/10 on Oct 10 2026. CAKE's supply is shrinking, −4.75% over the next year, while Uniswap's grows +0.60%. PancakeSwap also still handles about three in four BNB Chain DEX trades. That leaves PancakeSwap's long-run signal at positive, by supply and demand.
Less trading on BNB Chain is the likely reason. DEX trading there is about a quarter of its Oct 2025 peak. On supply, CAKE looks healthy: −1.17% in 90 days, and demand reads strong at 3.5/5 (Oct 10 2026). Supply and demand still read positive for PancakeSwap in the long run.
At $1,000, PancakeSwap would be worth about $318B in total — about 403 times its $790M market cap today (Oct 15 2026, about $2.48 a coin). PancakeSwap's supply barely changes in the next year (−4.75%), so the whole move would have to come from demand. That leaves PancakeSwap's long-run signal at positive, by supply and demand.
PancakeSwap's signal is positive for now. PancakeSwap's signal would turn if new supply jumps (today −1.17% in 90 days), or demand falls from moderate.
PancakeSwap sits at 8/10 today (Oct 15 2026): supply 5/5, demand 3/5. One more year adds −4.75% to PancakeSwap's supply. Long-run signal: positive.
By the law of supply and demand, the better time to buy PancakeSwap is when its new supply is low, demand is high and its price drivers point up. PancakeSwap today: −1.17% new supply in 90 days (shrinking), demand moderate (3/5), drivers 2 ▲ / 0 ▼.
Right now 2 things drive PancakeSwap's price (2 ▲, 0 ▼). ▲ BNB Chain trading: BNB Chain DEX trading is about a quarter of Oct 2025's peak ▲ Market share: PancakeSwap still handles about three in four BNB Chain DEX trades
Side by side on Oct 15 2026: PancakeSwap at 8/10 with a positive signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, PancakeSwap is the weaker of the two.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. CAKE supply is not growing (-1.17% in the next 90 days), so it shows in green. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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