Uniswap founder destroys 99.99% of HayCoin supply, token value increases by over 300%
ChainCatcher news, according to The Block, Uniswap founder Hayden Adams has burned 99.99% of the HayCoin supply, causing the token's value to soar by 307% to $2.5 million. HayCoin is a test token launched by Adams in 2018.
Adams stated on social media that he felt uncomfortable holding "almost the entire supply," which is why he decided to burn the token supply.
It is reported that HayCoin's price previously exceeded $2.5 million and is currently at $2.46 million.
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