According to ChainCatcher, citing Fortune, former New York City Mayor Eric Adams announced the launch of a cryptocurrency called "NYC Token" after leaving office, claiming 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 partners, launch date, fund usage, or specific mechanisms, only stating that ordinary New Yorkers could participate in the investment. During his tenure, Adams strongly supported the crypto industry, but also faced significant controversy over ethical and conflict-of-interest issues. The newly elected mayor, Zohran Mamdani, has clearly stated that he will not purchase the token. According to information on Eric Adams' X account, 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 declining, and it is now valued at $93.98 million. ChainCatcher reminds users that the authenticity of the token is yet to be confirmed, and celebrity-related tokens are highly volatile and uncertain. Investors are advised to proceed with caution.
Former NYC Mayor Eric Adams Launches 'NYC Token,' Token Surges Then Drops Sharply
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Summary
Former New York City Mayor Eric Adams announced the launch of the "NYC Token" at Times Square, claiming it would support efforts against anti-Semitism and youth blockchain education. The cryptocurrency industry news highlighted the token's brief surge to a $200 million market cap before it dropped to $93.98 million. No specific project details were disclosed, and the newly elected Mayor Zohran Mamdani stated he would not purchase the token. ChainCatcher warns that the authenticity of the token has not been verified, noting that celebrity-backed projects are often highly volatile.
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