PancakeSwap, the beloved decentralized exchange (DEX) on the BNB Chain, just shared their weekly stats for the CAKE token via a post on X. If you're into DeFi or meme-inspired crypto projects, this update is worth a look—especially with their cheeky video of a bunny calmly sipping coffee while everything burns around it, nodding to the classic "this is fine" meme but with a pancake twist.

The highlight? A net CAKE mint of -662,000 CAKE, which translates to about -$1.82 million in value. In simple terms, this means more tokens were removed from circulation than added, creating a deflationary effect that could help boost the token's scarcity and potential value over time.

Total product burns clocked in at 814,000 CAKE, worth roughly $2.24 million—a whopping 64% increase from the previous week. Token burning is a common mechanism in crypto to reduce supply, often funded by fees from trading and other activities on the platform.

Here's the burn breakdown for those who love the details:

• AMM v2: 262,000 CAKE ($721,000) – up 39%
• AMM v3: 469,000 CAKE ($1,293,000) – up 112%
• AMM Infinity: 8,000 CAKE ($22,100) – up 31%
• Other Sources (like Prediction markets, Perpetual trading, and more): 75,000 CAKE ($207,000) – down 7%

PancakeSwap backed this up with a proof of burn transaction on BscScan, so you can verify the burns yourself. They also pointed to their Burn Dashboard for more in-depth analytics.

The community on X chimed in with some fun replies. One user joked about "Pancakes burn in the oven" with a fiery GIF, while others praised the stats or shared their own meme token vibes. It's clear that PancakeSwap's playful branding—complete with bunnies and pancakes—gives it that meme token flair, even as it operates as a serious DEX supporting swaps, farming, and more across multiple chains.

For blockchain practitioners and meme token hunters, these burns signal strong ecosystem health. With AMM v3 leading the charge, it shows how upgrades in decentralized trading are driving more activity and, in turn, more token destruction. If you're holding CAKE or eyeing meme projects with real utility, keep an eye on these weekly updates—they're a great way to gauge momentum in the DeFi space.

What do you think—will these burns flip the script for CAKE's price action? Drop your thoughts in the comments below!