NYC Mayor Eric Adams' Token Just Became a Textbook Rugpull Setup 🚨
I just found extreme centralization on $NYC this distribution is predatory.
75% of the entire supply sits in ONE wallet.
Top 10 holders control 98% of all tokens.
Here's the structure:
- Promoted by Eric Adams, former NYC mayor
- Not an official city token
- No government backing whatsoever
- Personal post-office project with zero accountability
Holder concentration breakdown:
Top wallet: 700M NYC (70%)
Second: 80M NYC (8%)
Third: 50M NYC (5.00%)
Fourth: 50M NYC (5.00%)
Fifth: 40M NYC (4.00%)
Top 5 wallets alone: 92%+ of total supply
If liquidity gets pulled → instant collapse.
Multiple fake NYC tokens launched simultaneously → confusion created cover for scammers.
Even a 10% dump from the 70% wallet would destroy the chart entirely.
This isn't a normal distribution.
This isn't safe market structure.
Retail is completely exposed here. One wallet controls exit liquidity for everyone else.