Over 60% of Traders Lost Money on Eric Adams-Backed NYC Token
NYC token surged to $600M, then crashed, leaving over 60% of 4,300 traders with losses. Bubblemaps flagged a $2.5M liquidity withdrawal at the peak, fueling insider allegations. Adams denied wrongdoing as the launch revived political meme coins and drew scrutiny. Eric Adams, who stepped down as New York City’s mayor…
bubmagJanuary 16, 2026