The post Hayden Adams’ Move to Burn 99.99% appeared on BitcoinEthereumNews.com.

HayCoin’s Value Skyrockets Post Burn In an unprecedented move, Hayden Adams, the mind behind Uniswap, incinerated a whopping 99.99% of HayCoin’s total supply. This decision sent the coin’s value soaring by a staggering 307%. The reason for this? Adams voiced concerns about holding a disproportionate amount of the total coin supply. He expressed these sentiments on social media platforms, noting that he was uneasy with owning nearly the entirety of the coin’s stock. Following this burn, the value of a one HayCoin has now reached a jaw-dropping $4.7 million, the current price is $2,072,922. Delving into HayCoin’s Past Before the inception of Uniswap V1, Hayden Adams launched HayCoin as an experimental venture. He illuminated on social media that, post the debut of Uniswap V1, he formed a minuscule test liquidity pool, allocating only a trivial segment of the overall supply, with the bulk remaining in his digital wallet. The primary aim was to assess the migration contract transition from Uniswap V1 to its subsequent version, V2. Hayden expressed his astonishment over the years, observing individuals purchasing HayCoin, either amused by its novelty or simply as a jest. He recounted his surprise, stating, “It was quite the revelation seeing folks trading substantial amounts recently, treating HayCoin akin to the many memecoins out there. The crypto realm sure has its quirks.” In a final note, Adams unequivocally stated he has severed ties with HayCoin by torching his entire stash, emphasizing that any speculation on its future would be nothing short of “fanciful.” Source: https://blockchainreporter.net/rise-in-haycoins-value-hayden-adams-move-to-burn-99-99/

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Filed under: News - @ October 20, 2023 11:24 pm