The NYC token, launched by ex-New York City Mayor Eric Adams on January 12, saw its market cap drop from ~$600M to ~$100M after suspicious liquidity activity (Decrypt)

Decrypt

Eric Adams' NYC Token Crashes Amid Liquidity Extraction Allegations - Decrypt

On-chain data shows unexplained liquidity withdrawals as Eric Adam’s NYC token’s market cap continues to bleed.

Techmeme

The NYC token, launched by former New York City Mayor Eric Adams on January 12, saw its market cap drop from ~$600M to ~$110M, after USDC liquidity manipulation

From Decrypt. View the full context on Techmeme.