前纽约市长Eric Adams推出“NYC Token”遭Rug Pull指控

Former New York City Mayor Eric Adams released a Meme coin project called “NYC Token” on the first day after leaving office, in Times Square. However, just hours after the launch event, on-chain data indicated that a large amount of liquidity may have been withdrawn. Rune Crypto warned that at least $3.4 million had been drained, while another user, StarPlatinum, stated that the project is highly centralized and carries significant risks.

The token is deployed on the Solana platform, with a total supply of 1 billion tokens, of which 70% are labeled as “New York City Token Reserve” and will not enter circulation immediately. Adams stated at the press conference that proceeds from NYC Token will be used to fund public welfare projects related to anti-Americanism and anti-Semitism, and will be donated to an unnamed non-profit organization. He pointed out that through tokenization, New York City can achieve greater transparency and efficiency, leveraging blockchain technology to improve city governance.

Adams has long supported cryptocurrency and blockchain policies, having pushed for the establishment of a Digital Assets Office, hosted the first crypto summit, and paid his first three mayoral salaries in Bitcoin and Ethereum. His previous initiatives, “NYC Coin” and “BitBond,” also demonstrate his ambition to make New York a global crypto hub.

Although Adams emphasized that the new token would not directly pay his salary, and did not disclose co-founders during the event, the on-chain fund flows have raised questions about the project’s security and centralization. Experts point out that the rapid liquidity fluctuations and lack of transparency of NYC Token require investors to exercise high caution.

Additionally, the five federal corruption charges previously involved with Adams have been dismissed, with the U.S. Department of Justice confirming that they cannot be refiled. Overall, NYC Token embodies the city’s innovation and blockchain application vision, but still faces regulatory and trust risks. Market attention is expected to remain high in the short term.