{"id":67459,"date":"2026-01-13T08:16:33","date_gmt":"2026-01-13T08:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=67459"},"modified":"2026-01-13T08:16:33","modified_gmt":"2026-01-13T08:16:33","slug":"eric-adams-promoted-memecoin-crashes-80-minutes-after-launch-sparking-rug-pull-allegations-against-former-nyc-mayor","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=67459","title":{"rendered":"Eric Adams-Promoted Memecoin Crashes 80% Minutes After Launch, Sparking Rug Pull Allegations Against Former NYC Mayor"},"content":{"rendered":"<div>\n<p>A memecoin launched by Former New York City Mayor\u00a0<strong>Eric\u00a0Adams<\/strong> sparked controversy Monday after it pumped and dumped, inviting allegations of a rug pull.<\/p>\n<h2 class=\"wp-block-heading\">NYC Token\u2019s Rollercoaster Ride<\/h2>\n<p>The <strong>NYC Token<\/strong> (NYC) launched on the <strong>Solana <\/strong><a class=\"ticker-link\" data-ticker=\"SOL\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/SOL-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\">SOL<\/a>) blockchain to fight what Adams described as growing \u201cantisemitism and anti-Americanism\u201d in the country and in New York City.<\/p>\n<p>The memecoin started with a bang and swiftly gained a market valuation of $540 million, only to crash 80% to $87 million roughly 30 minutes later, \u00a0<a href=\"https:\/\/dexscreener.com\/solana\/exygvxvrvujjryo65vyuhlaccxhwyztkqa7jxqit2tvr\" target=\"_blank\" rel=\"noreferrer noopener\">according\u00a0<\/a>to Dexscreener data.<\/p>\n<p>As of this writing, the meme coin was valued at $128 million, still 75% below the initial frenzy.\u00a0<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Proud to launch <a href=\"https:\/\/twitter.com\/buynyctoken?ref_src=twsrc%5Etfw\">@buynyctoken<\/a>, a new token built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/49866332\/eric-adams-promoted-memecoin-crashes-80-minutes-after-launch-sparking-rug-pull-allegations-?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Eric\" adams-promoted memecoin crashes minutes after launch sparking rug pull allegations against former nyc mayor>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A memecoin launched by Former New York City Mayor\u00a0Eric\u00a0Adams sparked controversy Monday after it pumped and dumped, inviting allegations of a rug pull. NYC Token\u2019s Rollercoaster Ride The NYC Token (NYC) launched on the Solana (CRYPTO: SOL) blockchain to fight what Adams described as growing \u201cantisemitism and anti-Americanism\u201d in the country and in New York [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-67459","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67459"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67459\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}