$CAKE Recently saw two sets of data regarding CAKE burn, one said it was 1.33 million, the other said it was 1.27 million, a difference of 60,000 tokens. Now the total supply has dropped to 359 million.

Some may wonder: why is the amount of destruction decreasing instead of increasing? The reason is quite straightforward – this is a typical wash trading action. There are still tens of millions of chips lying in the DEFI pool waiting to be sold, and combined with the circulating supply in the market itself, these selling pressures must first be absorbed. Once the selling pressure in the market is released and no one is willing to sell anymore, the price will naturally rise.
In plain terms, this is a game of competition between buyers and sellers. If the seller's power is greater than the buyer's, the price obviously won't go up. I remember a few days ago when CAKE was still over 4, it was directly hit with a volume of over ten million, and the price was instantly driven down.
However, looking at it from a different angle, this is actually a good thing. If you understand this logic, you won't be so anxious. Instead, you'll want to buy more as you look at it, even hoping it stays flat for a while and dips a bit more. After all, the transfer of chips takes time, so just be patient and wait.
The data is as follows: the total supply has decreased from 360,301,864 to 359,024,889, a net reduction of 1,276,974 CAKE. This is how the rules of the market work; those who understand will naturally know how to play.