Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the td-cloud-library domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/moderndigitalind/public_html/wp-includes/functions.php on line 6170
Uniswap founder burns $650B HayCoin against speculation By Cointelegraph - Modern Digital India
Thursday, June 4, 2026
International Investments

Uniswap founder burns $650B HayCoin against speculation By Cointelegraph

By Isabella Margaret
Uniswap founder burns 0B HayCoin against speculation By Cointelegraph
Post Views: 80

[ad_1]


© Reuters.

founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.

Adams deployed the HAY token for testing five years ago, before the launch of the decentralized protocol Uniswap. He created a small test liquidity pool with a tiny fraction of the total supply and kept over 99.9% of HAY tokens in his wallet. Just a few weeks ago, the token was trading like a memecoin in the six-figure range: