An address believed to be associated with former New York City Mayor Eric Adams withdrew about $3.18 million USDC near the peak of the NYC token's value. The withdrawal coincided with the start of panic selling in the NYC token market. Following an initial market capitalization surge to $730 million, the NYC token's value subsequently collapsed by 80%.
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Former NYC Mayor-Linked Address Withdraws $3.2M USDC Amid NYC Token Crash
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