🚨 NYC Token Turmoil: Eric Adams Denies Rug Pull Claims 💸🗽
- Launch Drama: Eric Adams unveiled NYC Token as “the digital heartbeat of New York City” on Jan 13, 2026.
- Market Crash: Token hit a $580M market cap before plunging 60–80% within hours.
- Liquidity Shock: On-chain data showed $2.5M USDC withdrawn, with only $1.5M returned — leaving $900K missing.
- Adams’ Defense: He insists he did not profit or move investor funds, rejecting “rug pull” accusations.
- Transparency Concerns: No clear disclosure of co-founders or fund governance, fueling investor skepticism.

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