🚨
$SOL Former NYC Mayor Accused of $3.5M Memecoin Rug in 30 Minutes
Crypto Twitter is on fire after allegations surfaced that former NYC Mayor Eric Adams launched a memecoin — and allegedly rugged it within just 30 minutes.
The token exploded out of the gate, briefly hitting a staggering ~$600M market cap before collapsing violently to under $100M.
In minutes, price nuked 81%, free-falling from $0.58 → $0.11, leaving late buyers wrecked and liquidity drained 💥
Blockchain analysts tracking wallets tied to the launch estimate that Adams may have walked away with nearly $3.5M during the chaos.
While claims remain unproven, the speed and scale of the collapse have reignited debates around political figures, memecoins, and accountability in crypto 👀
If confirmed, this would rank among the most brazen political rug allegations ever.
⚠️ Takeaway: Always DYOR before entering hype-driven memecoins — political ties don’t guarantee safety.
#Crypto #Memecoin #Blockchain #RugAlert #OnChainAnalysis
#DYOR