Ironically, the burn caused the token's price to spike 288% to $2.7 million, according to DexTools.
HayCoin, a test coin deployed by Hayden Adams, skyrocketed in value after the Uniswap creator burned 99.99% of the token's supply.
One HayCoin now costs over $2.5 million as of 3:38 p.m. ET on Oct. 20, according to the crypto price tracker DexTools. Adams described on social media how he deployed HayCoin before Uniswap V1's launch for testing purposes.
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