Whale Spends 820,000 USDC to Buy 6.98 Million NYC Tokens

KuCoinFlash

Release Time:01/13/2026 03:00:55

USDC

$1.0001-0.04%

Summary

New token listings have drawn attention as a whale associated with the now-blocked crypto KOL @old spent 820,000 USDC to purchase 6.98 million NYC tokens within four hours. The whale still holds 203,000 USDC and may continue buying. Former NYC Mayor Eric Adams announced the token project after leaving office, stating it will be used to fund efforts against anti-Semitism, initiatives against anti-American sentiment, and children's blockchain education. Adams introduced the token at Times Square but did not disclose partners, issuance time, fund allocation, or operational mechanisms, only mentioning that New Yorkers can participate. News of the token launch continues to attract significant on-chain activity.

BlockBeats news: On January 13, according to Onchain Lens monitoring, a crypto KOL @old (account has been banned) spent 820,000 USDC to purchase 6.98 million NYC tokens within the past four hours. The account still holds 203,000 USDC and may continue buying.

Previously reported, former New York City Mayor Eric Adams announced the launch of an "NYC" token after leaving office, claiming the project aims to raise funds to combat anti-Semitism, anti-American sentiment, and promote blockchain education for children. Adams introduced the token at Times Square, but did not disclose the partner organization, launch date, how the funds would be used, or specific mechanisms, only stating that ordinary New Yorkers could participate in the investment.

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