DEX Uniswap founder Hayden Adams burned 99% of HayCoin (HAY). The token was launched for testing in V1 back in 2018, but in recent days it has become the subject of speculation after its inclusion in the third version of the protocol pool.
See more
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
“To me [психологически] It’s uncomfortable to own almost the entire supply (~99.99%) of a token that people write about in memes and speculate on. I decided to burn the entire amount in my wallet („assessed” at an absurd ~$650 billion),” Adams explained.
According to him, several people discovered the token and purchased it for novelty/as a joke. After this, there was a rush that put him in a stupor due to the significant amounts in transactions.
The founder of Uniswap called the speculation “stupid” and admitted that sometimes “strange things” occur in the crypto space. Adams explained that he does not want his profile photo to be associated with the token. He did not rule out replacing PFP in the future.
At the time of writing, HAY is valued at $3,259,592, according to CoinGecko. The daily volume was $6.48 million.
Data: CoinGecko.
Let us remind you that in September, the ChatGPT token generated within 24 hours gained $14 million in trading volumes on Uniswap.
Subscribe to ForkLog on social networks
Found an error in the text? Select it and press CTRL+ENTER
ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!
2023-10-23 07:39:42
#Uniswap #founder #burned #HayCoin #token #project #ForkLog
