Eric Adams’ NYC Token: From $600M to $100M in 24 Hours! 💸📉

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Key Highlights

  • Oh, the former mayor’s NYC token soared to $600M-only to crash below $100M, leaving investors with a raised eyebrow and a sense of unease. 🤔💸
  • The token claims to fund scholarships and fight antisemitism, yet its liquidity maneuvers echo the dubious launches of yesteryear, such as LIBRA. 🚫📚
  • Eric Adams, a long-time crypto enthusiast, now faces federal scrutiny, yet he persists in touting the NYC token as a beacon of social and blockchain education. 🎓⚖️

Ah, the former mayor, Eric Adams, has once again stirred the pot with his latest venture: the NYC token. On X, he proclaimed it would “fight the rapid spread of antisemitism and anti-Americanism”-a noble cause, to be sure. The token surged to a lofty $600 million market cap, only to plummet below $100 million with the grace of a falling feather. 🪶📉

Market data shows the token price soared to $0.58, only to later drop near $0.1, after a dramatic liquidity pull-back. A rollercoaster, indeed! 🎢

Proud to launch @buynyctoken, a new token built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York City.

Now live at

– Eric Adams (@ericadamsfornyc) January 12, 2026

While the launch generated massive attention, Bubblemaps highlighted suspicious liquidity activity involving wallet 9Ty4M. This wallet, it seems, orchestrated a one-sided liquidity pool on Meteora, siphoning $2.5 million in USDC at the peak, only to return $1.5 million after a 60% price plunge. A masterclass in financial theatrics. 🎭💰

Liquidity moves raise red flags

These aggressive liquidity moves are reminiscent of the infamous LIBRA launch, where developers absorbed millions in USDC and SOL with the finesse of a seasoned magician. 🪄💸

4/ There has been no explanation for these liquidity moves.

This is unfortunately reminiscent of the $LIBRA launch, where liquidity was also heavily manipulated

– Bubblemaps (@bubblemaps) January 13, 2026

Adams, ever the orator, emphasized the coin’s social mission, declaring the funds would aid nonprofits like Combat Antisemitism and bolster college funds for HBCUs. The token’s website, with all the flair of a grand theater, proclaims it’s “more than a token-it’s a movement!” for “dreamers, innovators, and believers.” A movement, indeed, that’s as elusive as a ghost in a gondola. 🎭✨

Adams’ crypto history and controversies

A long-time crypto enthusiast, Adams once converted his mayoral paycheck to Bitcoin and Ethereum-though legalities demanded it pass through Coinbase. In 2025, he established the Office of Digital Assets & Blockchain Technology, a 61-page plan to harness blockchain for the city’s benefit. A man of vision, if not always of clarity. 🧠🚀

Currently, Adams is under serious scrutiny. In 2025, he became the first NYC mayor indicted while in office, thanks to an FBI probe into alleged illegal donations from the Turkish government. Charges remain sealed, but Adams, ever the dramatist, declared, “If I am charged, I am innocent…” A classic line, delivered with the flair of a Shakespearean villain. 🎭⚖️

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2026-01-13 10:14