According to Odaily Planet Daily, PancakeSwap officially announced that as of July 3, PancakeSwap had destroyed 0.101% of the total supply of CAKE in June, which is the tenth consecutive month of reduction in the total supply of CAKE. In June, a total of 997,924 CAKEs were minted and 1,386,355 CAKEs were destroyed; the net minting amount was -388,431 CAKEs, indicating that the amount of CAKE destroyed that month was more than the amount of CAKE minted.