I genuinely feel like if you believe Eric Adams after everything he did, and trust him to deliver some value in a memecoin, you kinda deserve it at this point.
I genuinely feel like if you believe Eric Adams after everything he did, and trust him to deliver some value in a memecoin, you kinda deserve it at this point.
I kinda feel like if people are dumb enough to be Eric Adams fans they probably wouldn't be able to figure out how to buy meme coins anyways. There's probably some kind of money...
I kinda feel like if people are dumb enough to be Eric Adams fans they probably wouldn't be able to figure out how to buy meme coins anyways. There's probably some kind of money laundering/"political donations" kinda thing going on if I were to guess, but I don't know enough about any of this stuff to definitively say one way or the other.
Former New York City Mayor Eric Adams promoted a memecoin on Monday that some observers alleged had been rugged.
Adams, who left office on Jan. 1, unveiled the "NYC Token" and a related website at a press conference at Times Square on Monday, according to several local media sources.
However, several hours after the event, on-chain activity suggested that a large share of the token's liquidity might have been withdrawn. Rune Crypto alerted on X that at least $3.4 million had been drained.
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Onchain trading visualization platform Bubblemaps also flagged unusual liquidity activity around the token. The platform pointed out that a wallet (9Ty4M), which is connected to the token deployer, removed roughly $2.5 million in USDC at the market peak and later added back about $1.5 million after the token price had dropped more than 60%.
[...]
Adams, who was replaced as MYC mayor by Zohran Mamdani on Jan. 1, has been a vocal supporter of the crypto and wider tech sectors, vowing to turn the largest U.S. city into the crypto capital of the world.
I genuinely feel like if you believe Eric Adams after everything he did, and trust him to deliver some value in a memecoin, you kinda deserve it at this point.
I don't really follow NYC politics, but one thing I wonder about is if there are Eric Adams fans who expected this and "donated" anyway.
I kinda feel like if people are dumb enough to be Eric Adams fans they probably wouldn't be able to figure out how to buy meme coins anyways. There's probably some kind of money laundering/"political donations" kinda thing going on if I were to guess, but I don't know enough about any of this stuff to definitively say one way or the other.
From the article:
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