Bitcoin News

The NYC Token Crash: Allegations Of Rug Pull After $2.5 Million Liquidity Withdrawal

4 hours ago

Former New York City Mayor Eric Adams is facing si

Former New York City Mayor Eric Adams is facing significant backlash after the crash of his newly launched cryptocurrency, the NYC Token, shortly after its debut on Monday. The token initially soared to a market cap of $580 million but has since fallen sharply to approximately $133 million.

NYC Token’s crash following its Monday launch. Source: Bubblemaps on X

The daily chart shows the total crypto market cap’s surge on Tuesday. Source: TOTAL on TradingView.com

Featured image from CNN, chart from TradingView.com

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