ETH: Former NYC Mayor-backed token plunges on Solana amid liquidity fears 🚨🔥
Rune flagged data showing $3.4M drained from the liquidity pool. Bubblemaps also noted $2.5M in USDC removed near peak, with some not returned after partial additions.
Eric Adams launched a Solana-based meme coin aimed at fighting antisemitism and supporting innovation. NYC token saw strong momentum but fell sharply post-launch.
Concerns raised about potential rug pull as price dropped. Team claimed using TWAP strategies to manage volatility. Details on long-term use cases are limited.
What do you think—rug pull or solid project? 💥👇