Why have I always had faith in CAKE? Because last year, once I was sure the alpha could last, I knew it could make money. If it lasts, it can make money. And sure enough, profits went up tenfold—tenfold! Even with the market this bad, they still went up tenfold. In the first few months of last year, profits went up fiftyfold. So how did the project team bring the price down? First, they sold off all the CAKE in the treasury and converted it to stablecoins. Second, they put all the miscellaneous income that was supposed to be burned into the treasury. Third, they sent all the V2 and V3 pools into the treasury and LP, including the portion that was originally meant to be burned. Originally, 8% of overall profits was allocated to burning. But the project team decided that burning 8% was too much. What do you make of that? They don’t say, “The LP gets 84% of the profits—that’s too much, let’s give them less.” They don’t say, “The treasury gets too much—let’s give it less.” How are you supposed to play this? Is the project not making money? It is making money. Has the token price gone up? The project team is telling you right to your face: “It can make money, but I’m just not going to let the price rise.” If the project keeps making a lot of money, will they just stop burning tokens altogether? What are you supposed to do? I know this token is bound to take off in the future, but can you hold on to it? I originally planned to sell after it went up dozens of times in those few months, but it ended up dragging me along for well over a year. Ridiculous. $CAKE $UNI $JUP