Former New York City Mayor Eric Adams is facing backlash from crypto traders after the $NYC token he promoted this week surged and then dropped sharply amid allegations of a “$2.5 million rug pull.”
At the time of writing, $NYC was trading around $0.134, or a $134 valuation. The token had a volatile first 24 hours, briefly reaching a fully diluted valuation of around $580 million before falling sharply, according to DexScreener.
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