Uniswap CEO Burns 99.99% of HayCoin Supply Valued at ‘$650 Billion’
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- Uniswap founder Hayden Adams burns 99.99% of $650 billion worth of HayCoin.
- HayCoin rose unexpectedly from a test token to a meme sensation.
- Adams disassociates from HayCoin amid surging speculation.
The HayCoin has become one of the latest sensational cryptocurrencies to garner significant attention from crypto market participants. However, the originator of the token had a different motivation behind its launching than the speculative appeal crypto enthusiasts have found with the coin.
In a recent tweet, Hayden Adams, the founder of the prominent decentralized exchange Uniswap, disclosed his involvement with HayCoin. He mainly shed light on its origins and his decision to eliminate his entire HayCoin portfolio, which is a staggering 99.99%.
Five years ago, before the launch of Uniswap v1, I deployed a token called HayCoin to use for testing. This was back when gas was so cheap that mainnet could be used as as a testnet. After the launch of v1, I created a small test liquidity pool with a tiny fraction of the total…
— hayden.eth(@haydenzadams) October 20, 2023
Adams explained that he had initially deployed HayCoin for testing purposes about five years a…
The post Uniswap CEO Burns 99.99% of HayCoin Supply Valued at ‘$650 Billion’ appeared first on Coin Edition.
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