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How an unsuspecting crypto meme exploded in price beyond bitcoin

From axios.com

Folks are making hay out of HayCoin, a cryptocurrency never intended to carry any value at all. Why it matters: The price of the coin hit more than $4.2 million recently, making each worth more than a bitcoin. Yes, but: That's only because the major HayCoin supply holder burned 99.99% of the coins on Saturday. • Uniswap CEO Hayden Adams burned them, ironically, to separate himself from what he called the "silly" speculation that had arisen around the 0.01% of the coins that weren't collecting dust in his wallet. Catch up fast: HayCoin was the inaugural coin of an earlier version of the decentralized protocol ... (full story)

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