Former NYC Mayor Eric Adams got swept up in the memecoin craze, launching a token that hit an eye-popping $580M market cap. Then reality hit hard—the thing cratered 80% in minutes. Nearly half a billion dollars in value just evaporated. The real kicker? Within an hour, someone pulled the entire liquidity pool, draining roughly $3.5M in USDC from the pair. Classic memecoin playbook: hype, peak, and then the rug gets yanked. It's a brutal reminder of how fast things can unwind when there's nothing but hot air backing the trade.

MEME5.39%
TOKEN6.12%
USDC-0.05%
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GasWhisperervip
· 33m ago
watched the $580M vaporize in real time... mempool was screaming warnings nobody read. classic liquidity extraction pattern, textbook stuff honestly
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InscriptionGrillervip
· 23h ago
Is the Mayor of New York also involved in cutting leeks? Haha, now it's the turn of the elites to take action, with 80% instantly evaporated. This is what you call democratic harvesting, brother.
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LayerHoppervip
· 23h ago
Uh... 580 million market cap gone in an hour, this is memecoin for you, hilarious
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MetaMiseryvip
· 23h ago
Eric Adams is搞 memecoin? Laughing out loud, even politicians are starting to harvest the leek now.
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BearMarketLightningvip
· 23h ago
Politicians also play rug pull, hilarious. This is the democratization of Web3, haha.
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HodlVeteranvip
· 23h ago
Haha, even the Mayor of New York City can't escape the fate of retail investors. Five hundred million dollars evaporated in just a few minutes... When I went all-in on altcoins back then, it was the same story. Now seeing others fall into the trap, I can really relate [helpless]
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NFTArtisanHQvip
· 23h ago
ngl the whole thing reads like a benjamin walter essay on mechanical reproduction, except everyone's the reproducible asset here. eric adams as unwitting participant in his own tokenomic critique—chef's kiss
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