Former NYC Mayor Eric Adams recently entered the crypto space by launching a token project, positioning it around fighting 'antisemitism and anti-Americanism.' Sounds ambitious, right?
Well, the market had other ideas. The token tanked hard—dropping over 81% from its all-time high, leaving early supporters nursing significant losses.
It's a stark reminder of how volatile and risky these politically-backed crypto ventures can be. When hype meets reality, the price action often tells the real story.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
6
Repost
Share
Comment
0/400
airdrop_whisperer
· 17h ago
It's politicians again scamming people; I've seen this trick too many times.
View OriginalReply0
LuckyHashValue
· 01-14 12:15
Politician Coin... It's the same old story, a 80% drop really made me laugh to death.
View OriginalReply0
staking_gramps
· 01-14 10:08
Politicians entering the crypto space, just a new way to harvest the little guys
View OriginalReply0
WalletsWatcher
· 01-13 02:40
Politicians getting into crypto are all equally disappointing; no matter how eloquent their words are, they can't save the fundamentals.
View OriginalReply0
TokenVelocityTrauma
· 01-13 02:40
Politicians playing with coins? That's hilarious. This is a textbook-level rug pull demonstration.
View OriginalReply0
RugpullSurvivor
· 01-13 02:30
Politicians playing with coins, mostly pumping and dumping, this time directly down 81%, hilarious
Former NYC Mayor Eric Adams recently entered the crypto space by launching a token project, positioning it around fighting 'antisemitism and anti-Americanism.' Sounds ambitious, right?
Well, the market had other ideas. The token tanked hard—dropping over 81% from its all-time high, leaving early supporters nursing significant losses.
It's a stark reminder of how volatile and risky these politically-backed crypto ventures can be. When hype meets reality, the price action often tells the real story.