A recent meme coin frenzy has triggered market turbulence. A former New York City official launched a token named after their city, and after the price soared to a high point, the behind-the-scenes operator suddenly withdrew 3.18 million USDC from the liquidity pool.

This move instantly caused panic among traders. Data shows that trader Dr6s2o suffered a heavy blow in less than 20 minutes—losing $473,500, with a decline of -63.5%. Similar tragedies are playing out across the trading community.

This case serves as a reminder that when the project team behind a certain type of coin has absolute control, retail investors' risks are multiplied many times over. A sudden withdrawal of large liquidity often signals an impending price crash. For any emerging token, it is essential to examine its liquidity structure, lock-up mechanisms, and team background, and to be wary of traps hidden behind seemingly shiny promises.