BlockBeats News: On January 13, according to Fortune, former New York City Mayor Eric Adams announced the launch of a cryptocurrency called "NYC Token" after leaving office. He stated that the project aims to raise funds to combat anti-Semitism and anti-American sentiment, as well as promote blockchain education for children. Adams introduced the token at Times Square, but did not disclose the project partners, launch date, how the funds will be used, or specific mechanisms. He only mentioned that ordinary New Yorkers can participate in the investment.
During Adams' tenure, the crypto industry was strongly supported, but it was also highly controversial due to ethical and conflict-of-interest issues. The newly appointed mayor, Zohran Mamdani, has clearly stated that he will not purchase the token.
According to information on Eric Adams' X platform, the NYC Token is suspected to have been launched on the Solana network one hour ago. Its market value briefly surged to $200 million before quickly retreating, and it is now valued at $93.98 million.
BlockBeats reminds users that the authenticity of the token remains to be verified, and celebrity-related tokens are characterized by significant price volatility and high uncertainty. Users are advised to invest with caution.