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Former New York City Mayor launches NYC Token, quickly surges then pulls back after opening
GateNews
Foresight News reports that former New York City Mayor Eric Adams has launched a token called NYC Token. The project was co-created by Eric Adams and two other members, aiming to fund non-profit organizations through the profits generated by the token to combat anti-Semitism and anti-Americanism. Eric Adams stated that the token will also be used to educate students on blockchain technology. Currently, the project website only displays a slogan and links to the X platform account. The current New York City Mayor Zohran Mamdani stated that he will not purchase the token.
According to GMGN market data, NYC’s market capitalization is now reported at $103 million, a significant decline in market value.
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