PancakeSwap (CAKE) was once praised to the skies, reaching a peak of $43.96, but then it crashed all the way down to $1.05, a decline of 97.6%, which is practically a textbook operation for harvesting retail investors; the so-called deflationary mechanism was supposed to be a tool for price support, but instead became a cover for insider trading, while publicly claiming long-term value and secretly dumping tokens; the Binance background did not provide protection, but rather seemed like a guise for large holders to safely exit, leaving retail investors with no recourse; the transformation of CAKE from a DeFi star to a garbage token took less than two years, and the so-called "deflation" resembles a noose suffocating the price, with only one true meaning — retail investors are always the last liquidity. CAKE is not a cake, it's a sickle.

#CAKE #PancakeSwap #DeFi #DEX