NYC Token losses draw scrutiny

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Former Mayor Eric Adams’ $NYC token on Solana surged briefly to a $600M market cap before crashing over 60%, leaving 60% of 4,300 traders with losses. Analytics show a wallet linked to the token’s deployer withdrew $2.5M in USDC at the peak, raising rug pull concerns.

Despite reintroducing $1.5M in liquidity, the price didn’t recover, and questions remain about Adams’ involvement and intentions. He continues to publicly promote the token, even as the city budget debate intensifies.

[johnblockbuster]

adding 1.5m liquidity and still no recovery lol guess hype can’t fix fundamentals sometimes