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Ex-NYC Mayor’s Token Turns Rug Pull Nightmare: Over $3 Million Drained from Liquidity Pools

Meme CoinsRug Pulls
Jan 13, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
Ex-NYC Mayor’s Token Turns Rug Pull Nightmare: Over $3 Million Drained from Liquidity Pools

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AI Overview

The NYC token, associated with former mayor Eric Adams, collapsed shortly after launch, leading to allegations of insider selling and liquidity manipulation. This incident has triggered significant scrutiny within the crypto industry.

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The launch of the NYC token, tied to former NYC mayor Eric Adams, quickly turned disastrous after it collapsed within hours.

What followed were allegations of insider selling and liquidity manipulation, sparking outrage and a wave of scrutiny across the crypto industry.

Read the article at CryptoPotato

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