Mayor NYC Eric Adams Faces Scrutiny Over Alleged $NYC Memecoin Liquidity Pull
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Former NYC Mayor Eric Adams allegedly removed liquidity from the $NYC memecoin shortly after its launch, with reports indicating a withdrawal of over $2.53M. This action has raised concerns of a potential rug pull, resulting in an estimated loss of $3.43M for investors. The incident highlights ongoing scrutiny over Adams’ involvement in crypto.
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- Allegations claim that $NYC memecoin liquidity was removed minutes after launch.
- Wallet data cited shows about $3.43M held mainly in USDC, alongside 34.56M NYC tokens.
- The incident follows Adams’ prior crypto advocacy and earlier disclosure issues over BTC and ETH holdings.
Former New York City Mayor Eric Adams is facing scrutiny from the crypto community after social media posts alleged that he removed liquidity from a newly launched memecoin, $NYC, minutes after promoting it. According to posts by on-chain analyst Rune, Adams is said to have launched the token, promoted it on his personal social media as the “NYC token,” and then withdrew over $2.53M of liquidity roughly 30 minutes later, raising concerns of a potential rug pull that cost investors over $3,430,000 in total.
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$ 1.80K
-0.16%
$ 0.99977
0%
$ 1.00089
+0.14%
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In This News
Coins
$ 64.20K
-0.45%$ 1.80K
-0.16%$ 0.99977
0%$ 1.00089
+0.14%$ 0.9939
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