The founder of a well-known cryptocurrency exchange has destroyed 99.99% of the tokens that could have made him a billionaire

Hayden Adams, the founder of the decentralized cryptocurrency exchange Uniswap, has destroyed his own $ 650 billion worth of HauCoin (HAY) tokens. In this way, Adams burned 99.99% of HAY’s stock.

Five years ago, before the release of the Uniswap protocol, Hayden issued HauCoin tokens named after himself for research purposes. As part of the experiment, he created a liquidity pool and transferred 0.1% of the coins in circulation to it, while keeping 99.9% of the assets in his wallet. However, a few weeks ago, the demand for HauCoin increased sharply, and the cryptocurrency’s value began to rise steadily. Now, the coin is worth almost 127 times more than bitcoin, as it is worth $Z.6 million.

«Unfortunately, I don’t feel comfortable owning almost all of the tokens that people consider memorable and speculate on their course. That’s why I decided to burn all the HauCoin coins in my wallet. I’m not going to participate in the further development of the project, I think it’s pointless to speculate on it,» said Adams.

Cryptocurrency analysts have calculated that if Hayden Adams sold all the cryptocurrency he burned, he would become a billionaire, richer than Elon Musk. According to Forbes, the owner of X, Tesla, and Space X is estimated to be worth $ 252.2 billion.

The founder of Ethereum, Vitalik Buterin, probably has a similar point of view to Hayden Adams. Last August, the developer punished cryptocurrency fraudsters by dumping the SHIT digital asset by 40%. Buterin sold 25 trillion SHIT tokens for $ 33,000 in 2 transactions. As a result of this dump, the value of the fraudulent cryptocurrency fell by 40%. The authors of SHIT sent trillions of their tokens to the co-founder of Ethereum two months ago, all so that members of the cryptocurrency community would notice the unknown digital asset and start investing in it.