CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

PancakeSwapCAKE

The token of PancakeSwap, the main decentralized exchange on BNB Chain, run by an anonymous team.

Rank #89Since September 2020
Price on 31 Oct 2026
C$2.71 +32.5% since 31 Jul 2026 · 95.0% below its all-time high

The short version

PancakeSwap is the dominant decentralized exchange on BNB Chain and now runs on 11 networks; its developers are anonymous and no legal entity was found. CAKE launched in Sep 2020 with no presale or venture allocation, and part of trading fees funds CAKE burns that have shrunk supply since Sep 2023. A 14 Oct 2026 proposal, 'The Flip', would cut emissions 69% and end V3 fee burns. On 31 Oct 2026 one CAKE cost C$2.71. From 31 Jul 2026 to 31 Oct 2026 its price changed +32.5% in Canadian dollars, and it was 95.0% below its all-time high of C$53.98 set on 30 Apr 2021.[1]

Checked 31 Oct 2026 · 14 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$4.01 (28 Sep 2026) · low C$1.61 (6 Jun 2026) · -19.7%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$2.71US$1.94
30 Sep 2026C$3.63US$2.55
31 Aug 2026C$2.50US$1.81
31 Jul 2026C$2.04US$1.45
30 Jun 2026C$1.89US$1.33
31 May 2026C$2.07US$1.50
30 Apr 2026C$2.00US$1.48
31 Mar 2026C$1.92US$1.38
28 Feb 2026C$2.11US$1.54
31 Jan 2026C$2.40US$1.78
31 Dec 2025C$2.55US$1.86
30 Nov 2025C$3.30US$2.35

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$2.71[1]
3-month change
+32.5% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
95.0% below its high of C$53.98 (30 Apr 2021)[1]
Market rank
#89, market value about C$938.2M[1]
Kind
Token · BNB Chain (BEP-20); also bridged to other networks
Started
September 2020

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?NoMinted only by the MasterChef emissions contract; rate changes go through governance proposals[2, 3]
Can anyone freeze or take coins from holders?NoNo blacklist, pause or balance-change function in the contract[2]
Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy[4]
Is the supply capped?Not disclosedCoinMarketCap lists a 400M maximum; whether the contract enforces it is not published[5, 2]
Any scheduled unlocks in the next 12 months?NoNo vesting; fair launch[6]
Does a team or foundation hold over 10% of supply?Not disclosedNo team or venture allocation; treasury holdings are not published[6]
Do network fees reach coin holders?YesPart of trading fees buys and burns CAKE; US$40.2M in a year[7]
Main network hacked or halted in the past 2 years?NoLast incidents were a DNS hijack and a lottery theft in 2021[8]
Is a regulator or court case targeting the coin itself?NoNo regulator or court case found[9]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by
Anonymous 'Chefs' (CEO 'Chef Kids'); no legal entity named in the terms[10, 11]
Backers
US$350K BNB Chain grant (Oct 2020); strategic investment from Binance Labs (Jun 2022)[9, 6]
Minting
The main BNB Chain contract is minted by its MasterChef emissions contract[2]

Supply

In circulation
346.06M CAKE of a 400.00M maximum (86.5%)[1]
Launch
Fair launch: no presale, team or venture allocation[6]
Supply trend
Peaked at 391.56M in Sep 2023; about 334M in Sep 2026[3]
Emissions
22,500 CAKE a day; 'The Flip' would cut this to 7,000[3]
Burned
About 93.6% of all CAKE ever minted on BNB Chain sits in the burn address[2]

Use and fees

Fees
US$184M over the past year; US$40.2M used to burn CAKE[7]
Tokenized stocks
Over US$1B traded in Jul 2026; more than 41% of trading in 67 bStocks[12]

Trading

Daily trading
About C$86.5M a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 8.93% of its market value changes hands each day[1]
20-week average
6.7% above its 20-week average price[1]
1-year change
-19.7% in C$[1][13]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later[14]

Typical result
Median -25% after a year; 45% higher after two years
Lost half or more
38% within a year
Against Bitcoin
12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found
  • CAKE on opBNB must be bridged off before 23 Nov 2026, when LayerZero support there ends.[12]
  • 'The Flip' would cut weekly net burns from about 476K to about 200K CAKE; its vote outcome was not confirmed by 31 Oct 2026.[3]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. GoPlus token security (BNB Chain), 1 Nov 2026
  3. The Learning Pill ('The Flip'), Oct 2026
  4. GoPlus token security (Ethereum), 1 Nov 2026
  5. CoinMarketCap coin page, 31 Oct 2026
  6. Dropstab (PancakeSwap), Oct 2026
  7. DefiLlama fees and revenue, 31 Oct 2026
  8. DefiLlama hacks, 31 Oct 2026
  9. DefiLlama (PancakeSwap protocol data)
  10. CryptoRank (PancakeSwap team)
  11. PancakeSwap terms of service
  12. CoinMarketCap AI updates (PancakeSwap), Oct 2026
  13. Bank of Canada USD/CAD rate, 31 Oct 2025
  14. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.