Eric Adams-Promoted Memecoin Crashes 80% Minutes After Launch, Sparking Rug Pull Allegations Against Former NYC Mayor

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A memecoin launched by Former New York City Mayor Eric Adams sparked controversy Monday after it pumped and dumped, inviting allegations of a rug pull. NYC Token’s Rollercoaster Ride The NYC Token (NYC) launched on the Solana (CRYPTO: SOL) blockchain to fight what Adams described as growing “antisemitism and anti-Americanism” in the country and in New York City. The memecoin started with a bang and swift ...