Jan 13, 2026
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PancakeSwap Proposes Reducing CAKE Supply, Price and Trading Volume Increase
The PancakeSwap community is discussing a proposal to reduce CAKE's maximum supply by 50 million tokens, lowering the hard cap from 450 million to 400 million. This follows changes from Tokenomics Proposal 3.0 in April 2025, which made CAKE supply net deflationary by cutting daily emissions and removing the veCAKE model.
- CAKE supply declined by about 8.19% in 2025, with circulating supply falling from approximately 380 million to 350 million.
- The Ecosystem Growth Fund holds about 3.5 million CAKE to support future growth without increasing emissions.
- PancakeSwap's 30-day trading volume reached $40.3 billion, ranking second among spot DEXs according to DeFiLlama.
Market Reaction:
- CAKE's 24-hour trading volume increased by roughly 30% on January 13, with its price rising around 2% to $1.98.
- Analysts suggest the proposal may catalyze a price rally, despite recent declines since October.
- Technical indicators show potential volatility, with resistance at $2.15 and $2.40, while support levels are at $1.90 and $1.70.
The RSI remains neutral, indicating possible market movement based on upcoming catalysts.