First Uniswap Token’ HayCoin (HAY) Price Jumps to $3M Per Token🔥🔥🔥
In an astounding turn of events, Uniswap creator Hayden Adams has set the crypto world abuzz. He took a bold step over the weekend, burning 99.99% of the outstanding supply of the first-ever tokens created as an experiment when Uniswap was just taking its initial steps.
Now, these tokens, never intended to hold any significant value, are trading at an eye-popping price of over $3 million per token (yes, you read that correctly), with a limited supply of just 4.4 tokens.
The story begins in 2019 when Hayden Adams released these tokens during Uniswap's early stages. Most of them were never meant to have any value, and a considerable portion of the supply was destroyed. However, a group of crypto traders recently stumbled upon the surviving tokens and acquired all 4.4 of them, dubbing the token "HayCoin" (HAY).
The remaining undestroyed tokens were held in Adams' wallet, and their scarcity drove the price of these open-market coins to hundreds of thousands of dollars shortly after trading commenced, resulting in a market capitalization under $10 million.
However, Adams decided to take a dramatic step by burning his stash, effectively removing 99.99% of the total supply. This action was his way of ensuring that he no longer had control over nearly the entire supply of a token that had become a meme and speculative asset.
With this action, the 4.4 tokens now stand as the last remnants of the original Uniswap experiment, potentially becoming digital relics that hold a nostalgic value for some crypto enthusiasts. Prices skyrocketed to as much as $4.4 million per token, settling above $3 million on Monday.
