Eric Adams’ NYC Token Crashes Amid Liquidity Extraction Allegations – Decrypt
In brief Former New York City Mayor Eric Adams launched the NYC token, claiming it would fund charitable causes. The token surged to a nearly $600 million market cap before crashing to over $1oo million. A wallet linked to the token deployer removed $2.43 million in USDC liquidity, added back $1.5 million, leaving $932,000 unaccounted...
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