The volatility in the crypto world is really a double-edged sword. Projects with solid fundamentals like CAKE still struggle to develop an independent market in the short term, and it all depends on the moods of BTC and BNB.

To be honest, I didn't expect to still be stuck after this round of replenishing my positions. However, after looking at last week's data, my mindset has stabilized - a net destruction of 860,000 coins, which, at the current price, means over two million dollars evaporated directly from circulation.

A simple calculation: There are 52 weeks in a year. Assuming this level of destruction is maintained every week, the profits used for buybacks by the project team should reach over 100 million USD. Now, the total market value is 800 million, which means the annual deflation rate could reach about 12.5%.

This data would have been snapped up by institutions in traditional finance, but unfortunately in the crypto market, no matter how solid the fundamentals are, they can't withstand the market Fluctuation. It will still follow the decline; all we can say is to patiently wait for the wind to come.