
Eric Adams’ NYC Token Sparks Frenzy, Then $1 Million Vanishes
Former NYC mayor Eric Adams launched a city-themed cryptocurrency, NYC Token, aimed at funding anti-hate work; the token briefly surged to a near-$600 million market cap before a sudden withdrawal of about $2.5 million drew scrutiny and accusations of a rug pull, prompting Adams to bring in crypto investor Brock Pierce to salvage the project while some funds were later returned and questions about credibility linger.











