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TechFlow reported on October 21 that according to The Block, Uniswap founder Hayden Adams burned 99.99% of the HayCoin supply, after which the token's value surged by 307% to $2.5 million. HayCoin was a test token launched by Adams in 2018.
Adams stated on Twitter that he felt uncomfortable holding "almost the entire supply," which led him to burn the token holdings.
HayCoin's price briefly surpassed $2.5 million and is currently at $2.46 million.
On October 21, according to The Block, Uniswap founder Hayden Adams burned 99.99% of the HayCoin supply, causing the token's value to surge by 307% to $2.5 million. HayCoin was a test token launched by Adams in 2018. Adams said on Twitter that he felt uncomfortable holding "almost the entire supply," which prompted him to burn the tokens. HayCoin's price previously peaked above $2.5 million and is currently at $2.46 million.
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