Former NYC Mayor Eric Adams Launches ‘NYC Token’ Memecoin, Plummets 80% at Launch
Former New York Mayor Eric Adams, once dubbed the 'Bitcoin Mayor,' has introduced NYC Token—a memecoin marketed as 'the digital heartbeat of New York City.' The token, launched to combat 'antisemitism and anti-Americanism,' crashed 80% within minutes of its debut. Adams promoted the project from a taxi cab, declaring, 'We're about to change the game.'
The initiative, which Adams claims leverages 'up-to-date technology,' aims to educate children on blockchain adoption. Despite his current unpaid role, Adams hinted at future compensation. The token's abrupt collapse underscores the volatility of meme-driven crypto ventures.