The founder of the Uniswap project, Hayden Adams, has withdrawn almost the entire supply of the HayCoin test coin from circulation.
Five years ago, before the launch of Uniswap v1, I deployed a token called HayCoin to use for testing. This was back when gas was so cheap that mainnet could be used as as a testnet. After the launch of v1, I created a small test liquidity pool with a tiny fraction of the total…
— hayden.eth 🦄 (@haydenzadams) October 20, 2023
On his X (formerly Twitter) he wrote:
Adams also explained that he created HayCoin purely for testing purposes five years ago, before the launch of Uniswap V1. Later, he sent a small portion of the total supply to a small test liquidity pool, and left the rest in his wallet.
Adams added that in the future he would have nothing to do with the coin, since he had burned all his reserves. He called speculation on HayCoin unfounded.
At the time of writing, HAY is trading at around $2,913,733; on October 21, the asset price was around $660.
Source: Cryptocurrency
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