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Ex-NYC Mayor Adams Faces Pump-and-Dump Allegations Over NYC Token

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Source: Gizmodo
Ex-NYC Mayor Adams Faces Pump-and-Dump Allegations Over NYC Token
Photo: Gizmodo
TL;DR

Former New York City Mayor Eric Adams promoted a Solana-based NYC Token intended to fund a non-profit and fight antisemitism; the token saw a rapid price rise and liquidation of about $2.5 million to USDC within an hour, leading to accusations of a pump-and-dump/rug pull, a pattern seen with celebrity-endorsed meme coins; Adams had previously backed crypto projects like NYC Coin during his tenure.

Topics:businesscryptocurrencies#cryptocurrencies#cryptocurrency#eric-adams#nyc-token#pump-and-dump#rug-pull
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  1. Former NYC Mayor Eric Adams Accused of Crypto Pump and Dump With NYC Token  Gizmodo
  2. Pitching Crypto and Needling Mamdani: Adams’s Post-Mayoralty Takes Shape  The New York Times
  3. Eric Adams’ next act is exactly what you thought it might be  Politico
  4. Eric Adams’ Next Gig: Hawking Crypto With Undisclosed Backers  THE CITY - NYC News
  5. Former New York City Mayor Rug Pulls Community? Eric Adams' NYC Token Plunges 81%  Yahoo Finance

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