Cake's official team set up a vote to reduce the total supply of Cake tokens from 4.5 billion to 494 million. The proposal has already been submitted, so if you hold Cake, just go vote. This means a reduction of 11%, which is a decent positive move and might trigger a small rebound. But as far as I remember, Cake has regular emissions every year. If the inflation mechanism isn’t resolved, the token price will still be pretty tough to sustain.