Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • 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

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025

A retail rail can push $2 million a day out of the chain.

October 22, 2025

Bitcoin Futures Traders Return to Pumping BTC: Will It Last?

October 21, 2025

Bank of England to introduce stablecoin regulations by 2026

October 21, 2025

LayerZero Outlook: ZRO Price Imminent Ahead of $43 Million Token Unlocking.

October 21, 2025

Bombastic Casino Unveils New Design And Enhanced Features

October 21, 2025

Leading A New Era Of AI Model Training And Digital Computing Power Contracts

October 21, 2025

Earn 15% APR With Flexible Redemption And Up To 2,926 USDT

October 21, 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

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025
Most Popular

Bitcoin and Ethereum ETFs get off to a sluggish start in Hong Kong

April 30, 2024

Akash (AKT) surged 41% this week, up 1,400% over the past year.

January 6, 2024

Ethereum retests breakout zone, analysts set $3,500 target

December 21, 2023
  • 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.