Cake's official team launched a vote to reduce the total supply of Cake tokens from 450 million to 400 million. The proposal has already been submitted, so if you hold Cake, just go vote directly. This means a reduction of 11%, which is a decent bullish signal—might see a small rebound. But I remember Cake has annual issuance, and if the inflation mechanism isn't addressed, the token price will still be pretty tough to sustain.