I did hold some CAKE tokens for quite some time, and ended up as a loss. A bit disappointed at myself because of my wrong choice of investments, but it is what is.
Perhaps you bought tokens at the wrong time, at a time when the price of the token began to fall precipitously. At this time, it seems that the price of CAKE has stabilized and entered the stage of consolidation and accumulation. Of course, this is not a financial advice, but I think that soon the tendency of falling and consolidation can change and the price will return to some higher values.
I think there are many people who already observed this kind of thing that there are many scams coins that are being created not only on Pancakeswap, but on different DeFi Exchanges. This is also the reason why developers, and other people are sharing their token address whenever somebody ask because that's their only way for them to prevent others from getting scammed. Unfortunately, there are still people who are getting scammed, because they aren't asking sometimes.
Although I don't see much evidence of fraud in CAKE token, I'm more inclined to believe that the exchange has chosen not quite the right development strategy and many have a bad association when they hear about Pancakeswap.