# PancakeSwap Burned 1.79 Million Tokens in October as Supply Fell By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/48777 Published: 2026-11-04T20:26:33.000Z Updated: 2026-11-04T20:26:33.000Z Section: Investing > October burning of the PancakeSwap token (CAKE) exceeded minting by 1,116,211 tokens, equal to 0.339% of total supply. PancakeSwap said it burned 1,790,527 PancakeSwap tokens (CAKE) in October, exceeding new issuance by 1,116,211 and extending the net supply decline streak to 38 months. The platform minted 674,316 CAKE during the month. The resulting net decline was 0.339% of total supply. A [prior weekly burn update]() put the consecutive streak at 37 months. PancakeSwap’s fee-funded buy-and-burn mechanism uses a portion of weekly fees to buy CAKE for burning. ## Links in this article - [prior weekly burn update](https://www.tokenpost.com/news/investing/48475)