{"title": "HayCoin: Uniswap Creator's Experimental Tokens Now Trading at Over $3 Million Each", "body": "According to DEXTools, the first coins ever floated as an experiment by the creator of the decentralized exchange Uniswap are now trading at more than $3 million per token, with a supply of just 4.4 tokens. The original tokens were released by Uniswap creator Hayden Adams in 2019, back when the exchange was in its very initial stages. While first-ever coins to be seeded and traded on the platform were never intended to hold any value, and a large part of the supply was destroyed soon afterwards, a group of crypto traders stumbled upon some of the surviving tokens earlier in this month. They were able to acquire all 4.4 tokens available to the market – and called it HayCoin (HAY). The rest of the undestroyed tokens were held in a wallet owned by Adams.\n\nThe limited supply helped boost the price of the open-market coins to hundreds of thousands of dollars shortly after being traded, giving a market capitalization of under $10 million. Adams, however, burned his stash on Saturday, effectively destroying 99.99% of the total supply. Burns are a way of permanently removing tokens from circulating supply by sending them to an address not controlled by anyone. Adam’s action means the 4.4 tokens are the only ones remaining of first Uniswap cons, which some crypto investors may attach a nostalgic value to, akin to a digital relic. Prices surged to as much as $4.4 million apiece Sunday, before settling above the $3 million mark on Monday.\n\nTraders can purchase a fraction of these tokens, similar to any other cryptocurrency, but Adams remains generally unimpressed. “To be extremely clear, I will have no future involvement, have burned all the HAY in my wallet, and think speculating on it is silly,” he wrote. Edited by Sheldon Reback."}