Eric Adams' "NYC Token" plummeted in value within just a few hours, with its market cap dropping from $600 million to approximately $133 million. The former New York City mayor, who announced the launch of this cryptocurrency, promised it would be used to fund anti-Semitism campaigns. Social media users accused Adams of selling off his held tokens, but his team denied these claims.
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Eric Adams' "NYC Token" plummeted in value within just a few hours, with its market cap dropping from $600 million to approximately $133 million. The former New York City mayor, who announced the launch of this cryptocurrency, promised it would be used to fund anti-Semitism campaigns. Social media users accused Adams of selling off his held tokens, but his team denied these claims.