Uniswap Founder Burns 99% of HayCoin Supply to Curb Speculation
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Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20.
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Adams was concerned about price speculation over HAY in recent days.
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Adams created HAY 5 years ago for testing before launching Uniswap.
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He kept over 99.9% of HAY tokens in his wallet and only a fraction in a test pool.
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In recent weeks, HAY was trading like a memecoin in the six-figure range before Adams burned the supply.