{"id":98579,"date":"2026-01-13T12:54:07","date_gmt":"2026-01-13T12:54:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/98579\/"},"modified":"2026-01-13T12:54:07","modified_gmt":"2026-01-13T12:54:07","slug":"eric-adams-nyc-token-crashes-amid-liquidity-concerns","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/98579\/","title":{"rendered":"Eric Adams\u2019 NYC Token Crashes Amid Liquidity Concerns"},"content":{"rendered":"<p>A token tied to former NYC mayor Eric Adams plunged after liquidity was pulled at the peak.<\/p>\n<p>\n                            Posted January 13, 2026 at 7:20 am EST.                         <\/p>\n<p>Former New York City mayor Eric Adams unveiled the NYC Token on Monday, claiming it would fund social causes like fighting antisemitism and \u201canti-Americanism.\u201d But within hours, crypto analysts flagged suspicious activity.<\/p>\n<p style=\"font-style: italic;\">This story is an excerpt from the Unchained Daily newsletter.<\/p>\n<p>Subscribe here to get these updates in your email for free<\/p>\n<p>A wallet tied to the token\u2019s deployer <a href=\"https:\/\/x.com\/bubblemaps\/status\/2010890129389609257?s=20\" rel=\"nofollow\">pulled<\/a> $2.5 million in USDC liquidity at the market peak, only to re-add $1.5 million after the token\u2019s price had already plunged more than 60%, according to Bubblemaps. The token\u2019s market cap briefly touched $600 million before crashing below $110 million.<\/p>\n<p>Observers likened the activity to the infamous LIBRA token collapse last year, where manipulated liquidity preceded a multi-million dollar wipeout. Critics also warned of centralized control and opaque fund flows.<\/p>\n<p>Adams \u2014 once dubbed New York\u2019s \u201cBitcoin Mayor\u201d \u2014 didn\u2019t name co-founders or clarify the token\u2019s structure. While he claimed the project would help children learn about blockchain, the token\u2019s chaotic launch has already drawn comparisons to past politically-backed crypto debacles.<\/p>\n","protected":false},"excerpt":{"rendered":"A token tied to former NYC mayor Eric Adams plunged after liquidity was pulled at the peak. Posted&hellip;\n","protected":false},"author":2,"featured_media":98580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[45453,45454,9,56,63,65,64,45455],"class_list":["post-98579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-liquidity","tag-memecoins","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-political-crypto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/98579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=98579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/98579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/98580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=98579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=98579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=98579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}