Hayden Adams, founder of the largest decentralized exchange (DEX) Uniswap, made the price 6x after burning almost all of his own test token.
Uniswap founder Hayden Adams made a statement on Twitter on October 20: in the statement, in 2018 test token released HayCoin Stating that he was uncomfortable because he had almost all of his supply. burnt 99.99% announced. After the burning process, the token price increased rapidly.
HayCoin (HAY) according to DexTools data 653 thousand dollars from levels 543% with increase $4.2 million reached its levels. Current market value of the token $128 million value and total liquidity 888 thousand dollars It is at the level.
In his statement, Adams said that the first version of Uniswap would be used for testing purposes after its launch. He said that HayCoin was produced and included the following statements:
After the launch of V1, I created a test liquidity pool with a very small portion of my collected supply and left the rest in my wallet. I was extremely surprised that people bought a significant amount of this token last week and it acted like a meme coin.