Conflicting Statements Raise Questions Around NYC Token Liquidity

[bonk]

While Adams’ spokesperson insists that no funds were removed from the NYC Token, earlier statements from the project’s own X account appear to tell a different story. The NYC Token team previously acknowledged that it had “rebalanced the liquidity” in response to strong demand at launch, later adding that additional funds were injected back into the liquidity pool — a clarification that has fueled confusion rather than resolved it.

In a separate interview with FOX Business, Adams said proceeds from the token were intended to support nonprofits, education programs addressing antisemitism and anti-Americanism, and scholarships for underserved New York City students. Despite the controversy, on-chain data shows the Solana-based token has stabilized near $0.13 after wiping out more than $400 million in market capitalization, leaving lingering questions about transparency and trust around politically linked crypto projects.

[chainsniff]

nonprofits + memecoin is always a weird combo imo