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In a surprising turn of events, Uniswap’s founder, Hayden Adams, executed a dramatic move on October 20 by incinerating a staggering 99% of the HayCoin (HAY) supply. This unprecedented action was spurred by his deep concerns regarding the rampant price speculation that had engulfed the token. Before we delve into the details, it’s worth noting that Hayden Adams initially introduced the HAY token for testing purposes approximately five years ago. This was a precursor to the launch of the decentralized Uniswap protocol. At that time, he established a modest test liquidity pool, utilizing only a minuscule fraction of the overall token supply. Astonishingly, he retained over 99.9% of HAY tokens in his own wallet, a fact that would soon garner substantial attention. Fast forward to just a few weeks ago, and the token was experiencing a meteoric rise in popularity, echoing the trend of meme coins. Hayden Adams himself reflected on this unexpected phenomenon, saying, “Over ...

Baby Doge Coin launched its much-awaited burn portal on Monday and will send millions — and billions — of $Baby Doge tokens to the dead wallet. The meme coin has a maximum circulating supply of 420 quadrillion tokens, and the burn portal aims to aggressively reduce the supply to create scarcity. If the auto-burn mechanism focuses on reducing quadrillions of supply each year, it could eventually pave the way for Baby Doge to reach $0.01. However, reaching the 1 cent milestone is a long way to the top, considering the 420 quadrillion tokens in supply. Around 46% of the overall supply has already been “burned up” until 2023. Burning the rest of the 226 quadrillion tokens is quite a task, and the portal needs to run as a non-stop mill, 24/7, for several years. Also Read: Baby Doge Coin Climbs 300% in 2023: How High Can it Go Next? You can access more details about the burn portal by clicking here . The meme coin is attracting heavy bullish sentiments and ...