tskn. That's normal for an old cane. The old cane has nurtured the new growths which seem to be growing nicely (just as we nurture our children and hope they grow healthy and strong). The old cane has food and nourishment which goes to the new growths, until the old growth is shriveled, dry and completely depleted (which we hope our own children don't do to us).
When the old growth is dried out, you can cut it off at the base with a clean knife.
From the growth habit, your plant seems to be an antelope (curved or curly petals (like antelope horns) or phalaenopsis type (with rounder shaped flowers). It seems to be very compact in height also. The lush dark green long leaves indicate that you could also give the plant stronger light.
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