HayCoin’s Price Reaches $4.5M Days After Uniswap CEO Burns 99% Of Tokens

• Uniswap CEO Hayden Adams burned 99% of the total HayCoin supply, sending its price to an all-time high of $4,532,822.
• After reaching $4.5 million, HayCoin currently trades at $3.5 million.
• Adams emphasized that he has no future involvement with the token, discouraging speculation about it.

Hayden Adams, creator and CEO of Uniswap, burned 99% of the total HayCoin (HAY) supply, leading the coin to reach its all-time high of $4,532,822 on October 22. According to CoinGecko, the price of HayCoin saw an unprecedented surge, reaching $4 million in a few days. However, the price of the token plummeted in the following hours. At the time of writing, the token was trading at $3,501,672. Moreover, HayCoin’s current market cap is $199,742,217.

While the twenty-four hour volume of the token was $6,851,166, that’s a 13.6% decrease from the previous day. This decrease could be a sign that the traders are planning to hold the coin in the hope of the price going higher. However, if traders started to sell the coin during the bull run, the price could fall from its current value.

Before Adams burned 99% of the tokens, the …

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