PancakeSwap (CAKE) was once hyped to the skies, reaching a peak of $43.96, only to collapse, falling to $1.05 at one point, a 97.6% drop. This was a textbook example of a "leek harvesting" scheme. The so-called deflationary mechanism, supposedly a tool to protect the market, became a cover for insider trading, with traders touting long-term value while secretly dumping the stock. Its Binance affiliation offered no protection; instead, it served as a guise to ensure a safe exit for major investors, leaving retail investors with nowhere to turn. CAKE's transformation from DeFi star to junk token took less than two years. The so-called "deflation" is more like a noose suffocating price action, with only one real meaning: the "leeks" are always the last resort for liquidity. CAKE is not a cake, it's a sickle. #CAKE #PancakeSwap #DeFi #DEX