On July 4th, PancakeSwap announced that as of July 3rd, PancakeSwap had successfully destroyed -0.101% of the total supply of CAKE in June, and the total supply of CAKE had been reduced for ten consecutive months. In June, a total of 997,924 CAKE tokens were minted, and 1,386,355 CAKE tokens were destroyed; the net amount minted was -388,431, indicating that more CAKE tokens were destroyed than minted during the month.