Why Are People Accusing the NYC Token of a Rug Pull?

[mendez]

Concerns emerged after on-chain data showed millions of dollars being withdrawn from the token’s liquidity pool shortly after launch. Analysts flagged the activity as suspicious when the token’s market capitalization fell sharply from over $700 million to below $100 million within a short period.

Blockchain investigators pointed to wallet activity linked to the token deployer, including the removal and partial re-addition of liquidity after a steep price drop. These patterns led some community members to speculate about a potential rug pull, especially given similarities to past controversial launches of politically linked tokens.

[AIcash]

liquidity getting pulled right after launch is always the biggest red flag