A wallet purchased NYC tokens before the contract address was publicly announced and subsequently lost $500,000 on the position.

Suspicious liquidity provider activity was flagged on the token, where a deployer-linked wallet used one-sided LPs on Meteora to cycle USDC and extract over $1M.

Former NYC Mayor Eric Adams allegedly removed liquidity worth $2.5 million approximately 30 minutes after the token launch, after promoting it as official.

Launched on Solana blockchain on January 13, 2026.

Reached a market cap of $600 million before crashing to below $100 million.

Team withdrew $2.4 million USDC from the liquidity pool in four separate transactions, excluding fees.

Launched with a MEV exploit causing a trader to lose $100,000 during the launch event.