Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Uniswap founder HayCoin token soars over $2 million.
ALTCOIN NEWS

Uniswap founder HayCoin token soars over $2 million.

By Crypto FlexsNovember 27, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Uniswap founder HayCoin token soars over  million.
Share
Facebook Twitter LinkedIn Pinterest Email

On October 20th, Uniswap founder Hayden Adams took a significant step by burning 99.9% of his HayCoin holdings. The value of the token has soared to over $4 million since the move.

Adams’ decision comes amid a recent surge in trading activity and speculation within the cryptocurrency community.

Uniswap creator burns HayCoin holdings

Initially created as a testing mechanism for the Uniswap v1 launch, HayCoin was released with only a portion of its total supply, most of which was held in Hayden’s wallet.

However, a recent unexpected surge in trading activity prompted Adams to start burning. “Cryptocurrencies can be weird sometimes,” he said, expressing surprise at the way the token was treated as a meme coin.

Read more: Best Cryptocurrency Signup Bonuses of 2023

Adams also explained that with the value of burned tokens being around $650 billion, it is inconvenient to hold on to a large portion of the token supply. He also stated that he would no longer be involved with tokens in the future. that Added:

“I will not intervene in the future, I have burned all the HAY in my wallet and I think speculation about this is foolish. I also prefer the new logo, not my PFP. Ultimately, if my photo is used in this way, I may consider taking the image down.”

HayCoin price soars above $4 million

HayCoin’s price surged noticeably in the hours following its burn. It rose from about $657,000 at 7pm on Friday to more than $4 million three hours later, according to data from CoinGecko.

The token price rose by more than 300% due to the burn event.

Heycoin price. Source: CoinGecko

As of the writing of this report, the value of the token remains at $2.5 million, an increase of 281% in just 24 hours, according to CoinGecko data.

However, some members of the cryptocurrency community have expressed concerns about Adams’ actions. User X with the handle BlockchainGods accused Uniswap founder profited from tokens before burning.

In response, Adams stated that he has never sold any tokens except those sold in a test transaction a few years ago.

It is important to note that even after burn, more than half of the remaining HayCoin tokens in circulation are held in a single wallet. According to Etherscan data, wallets with address ‘0xFB263’ account for approximately 54.11% of the remaining HayCoin tokens.

Read more: 9 Best AI Cryptocurrency Trading Bots to Maximize Your Profits

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Another upward move for altcoins as ‘constructive’ price action unfolds, according to a top analyst.

October 24, 2024

Dogecoin Whale continues to buy millions of RTX tokens as it becomes a rapid uphill of encryption stars.

February 24, 2025

Binance to phase out BNB Beacon Chain (BEP2) deposits

April 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.