nyctoken

ETH: Former NYC Mayor-backed token tumbles on Solana amid liquidity fears 🚨🔥

Crypto community members accused the project team of removing liquidity, sparking rug pull fears 💪🚫

Rune flagged data suggesting $3.4 million was drained from the token's liquidity pool. Bubblemaps showed $2.5M in USDC removed near the peak, with $900K not returned after partial additions 🔐💸

Team cited TWAP strategy to manage volatility ✨ While explaining their actions, the episode kept attention on how liquidity is handled for newly launched meme coins 🤔#ETH #NYCtoken

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? 💥👇

#ETH #NYCtoken #Solana 🚀