CAKE's performance this month has indeed been disappointing. According to data, the monthly net profit is only 16 million, and the burn volume is also underwhelming—over 2 million tokens burned in total, with approximately 1.8 million CAKE burned, equivalent to about $4 million. This scale is clearly insufficient when compared to the expectations of token economics.

What’s more concerning is the trend. Since October, the overall project’s trading activity has plummeted sharply, with net profit declining by as much as 60%. The market initially hoped for a rebound by March next year, aiming for monthly profits in the hundreds of millions, but the reality has been the opposite—the figures have been steadily declining since October, with losses exceeding expectations.

This situation appears to be at a cycle bottom. To reverse the trend, some strong market stimulation measures may be necessary. For example, launching attractive airdrop campaigns, large incentive programs, and similar initiatives to rekindle community enthusiasm and market participation. Relying solely on fundamental data, it seems difficult to turn this downward trend around in the short term.