Mayor’s Meme Coin Melts Faster Than a Snowman in Hell! đŸ”„

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Oh dear, oh dear! Former New York City Mayor Eric Adams’ shiny new NYC meme coin has taken a nosedive steeper than a pelican in a power dive-plummeting more than 80% and leaving investors clutching their wallets like frightened squirrels.

Now, Adams and his merry band of crypto wizards swear on their grandmothers’ knitting that no funny business occurred. But oh-ho-ho, the blockchain doesn’t lie! Unusual liquidity movements have popped up like suspicious mushrooms after rain, making analysts mutter darkly about “rug pulls.” And let’s face it, when crypto folks start whispering “rug pull,” you might as well kiss your investment goodbye.

Six Out of Ten Traders Now Weeping Into Their Crypto Wallets

Earlier this week, Adams unveiled his digital masterpiece in Times Square-because nothing says “serious financial instrument” like flashing lights and tourists taking selfies. The token shot up faster than a champagne cork at a wedding, only to crash harder than a toddler learning to ride a bike.

“FORMER NYC MAYOR JUST RUGPULLED. The coin hit $500 million before Eric yoinked the liquidity like a kid stealing cookies. BOOM-80% crash. Poof! 💾 Gone.” – Ash Crypto, probably while eating popcorn.

Blockchain sleuths spotted the shenanigans. Rune Crypto accused Adams of swiping $3.4 million from the liquidity pool-enough to buy a small yacht or approximately 17,000 artisanal avocado toasts. Bubblemaps chimed in, nodding sagely like a detective in a bad noir film.

Eric Adams, former NYC mayor, has just removed the whole liquidity pool of his new memecoin: a total of $3,430,000 scammed. – Rune (@RuneCrypto_) January 12, 2026

Bubblemaps later revealed the carnage: 4,300 traders tangled with NYC token, and 60% walked away poorer than a church mouse. The breakdown:

  • 2,300 traders lost less than $1,000. (Ouch, but survivable.)
  • 200 traders lost $1,000-$10,000. (Time to rethink life choices.)
  • 40 traders lost $10,000-$100,000. (Cue existential crisis.)
  • 15 traders lost over $100,000. (RIP retirement plans.)

Was It a Rug Pull? Let’s Ask the Magic 8-Ball đŸŽ±

Nicolai Sondergaard, Research Analyst at Nansen (and certified rug-pull whisperer), told BeInCrypto that NYC token fits the rug-pull mold like a glove made of red flags. His four reasons:

  • No warning before the liquidity vanished-like a magician’s assistant mid-trick.
  • Liquidity disappeared faster than a donut at a police station.
  • Only some of it came back-like a bad houseguest who steals your Wi-Fi.
  • They waited until the token was sky-high before pulling the rug. Classic.

“If this was legit, they’d have warned people. Instead, it was like watching a heist movie-except you’re the one getting robbed.” – Sondergaard, probably sipping tea.

He explained that removing liquidity turns even tiny sell orders into market-wrecking meteors. One sell, and BAM-panic, chaos, and traders weeping into their keyboards.

“They trapped traders like rats in a sinking ship. Adding liquidity back? Too late! The damage is done, and no amount of ‘DCA orders’ will fix it.” – Sondergaard, shaking his head.

The analyst stressed that transparency is key-otherwise, trading memecoins is just gambling with extra steps. His advice?

“Maybe don’t YOLO your life savings into a token named after a politician’s ego. Just a thought.”

Adams Says: “It Wasn’t Me!” (Sure, Jan.)

Amid the uproar, Adams’ spokesperson, Todd Shapiro, issued a statement smoother than a used-car salesman’s pitch. He denied any wrongdoing, insisting the token’s volatility was “normal” and that Adams remains a beacon of “transparency.” (Cue laughter from the crypto crowd.)

Statement from Todd Shapiro, spokesperson for former NYC Mayor Eric Adams: “These allegations are false, baseless, and hurtful. Also, have you seen how shiny our new blockchain is?” – Eric Adams (@ericadamsfornyc) January 14, 2026

The NYC Token team blamed the mess on “rebalancing.” Because nothing says “trust us” like financial jargon and a shrug.

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2026-01-15 15:32