🚨BREAKING: Former NYC Mayor Eric Adams launched a $NYC memecoin and cashed out $3.4M in a hour.
$NYC trading started at 10:27pm UTC.
At 10:41pm UTC, the token hit its all time high market cap of $587 million.
Just two minutes later, the team started pulling liquidity.
Within the next 40 minutes, the market cap crashed to $87 million while the team cashed out $3.4 million.
That means nearly $500 million in value was wiped out in just 40 minutes and this is exactly why people have stopped taking crypto industry seriously.
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