NYC TOKEN COLLAPSES JUST HOURS AFTER LAUNCH
Earlier today, a crypto token linked to former NYC Mayor Eric Adams was launched, promoted as a way to fund efforts against “antisemitism and anti-Americanism.” The token quickly drew attention—then collapsed.
What happened next 👇
• Price dropped over 81% from the peak
• Around $3.4M in liquidity reportedly removed shortly after launch
• On-chain analysts flagged heavy centralization and suspicious wallet activity
• Nearly 70% of total supply held in a so-called “reserve”
• Liquidity patterns resembled previous rug-style launches
⚠️ Key takeaway:
Politics and memecoins remain a high-risk combination.
On-chain data doesn’t care about titles or headlines—only transparency and structure.
👀 Always follow the wallets, not the words.

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