2026-01-13 08:29:13

The Craziest Crypto Project Collapse Cases of 2026

A former New York City mayor launched the $NYC token on the Solana chain. The project claimed it was a tool to combat certain social issues, attracting a large influx of funds. In a short period, the token's valuation soared to $600 million.

What happened next? It completely collapsed.

This incident exposed a phenomenon: when political figures enter the crypto space, it often comes with high risks. Regardless of the project's original intent, the market ultimately speaks through price. From hype to collapse, the story in between is worth all investors' reflection—especially those retail investors attracted by celebrity effects.

Such events occur frequently, reminding us to exercise greater caution and judgment in the crypto market.

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WalletAnxietyPatient

· 13h ago

Here we go again, politician coins are bound to crash. This pattern is probably encoded in their genes.

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AirdropBuffet

· 01-15 12:00

Haha, another celebrity pump. Just listen and don't get on the train.

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StakeTillRetire

· 01-14 11:56

Haha, another celebrity pump, losing 600 million USD just like that? This is Web3. --- Politicians + tokens = inevitable collapse. This formula is no longer effective. --- Retail investors really need to remember more. Fame doesn't equal technology. --- The NYC coin incident is a typical "rich first, then cut" scheme. Unfortunately, they got caught. --- There are many projects like this on Solana. Every time, lessons are learned the hard way. --- Basically, it's just hype + rug pull. Nothing new. --- Celebrity influence can be deadly. Just look at this. --- Invested 600 million and ended up with nothing... yikes. --- Seeing this kind of news so often has numbed us. It's just a cycle. --- Some people really believe politicians can run crypto projects? I didn't expect that.

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NFTRegretDiary

· 01-13 08:59

Here are several comments with different styles, all reflecting genuine reactions to this news: --- Celebrities' plates are really all scams—$600 million just gone like that? --- It's politicians playing with crypto again... Did they finally learn their lesson this time? --- Honestly, it's greed. Seeing so much money flow in, no one can hold back. --- There's always a show on Solana every month; we're already numb to it. --- $NYC's name is really getting bold... Now the popularity is probably zero. --- Retail investors attracted by celebrities are taking a huge loss this time—serves them right... or maybe not... just greed. --- The crash was expected long ago; the question is, will the next one come?

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FOMOrektGuy

· 01-13 08:59

It's another celebrity coin crashing again; it's really time to reflect.

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ForkThisDAO

· 01-13 08:58

Ha, another celebrity pump and dump has collapsed, this time it’s politicians playing, I’m laughing to death. Damn, $600 million just disappeared like that, retail investors’ money is really easy to take. Dealing with social issues? Bro, just say it directly—you're fighting your own wallet. The NYC token name is pretty pretentious, but it’s running faster than anything else. Celebrity effects keep harvesting again and again, when will people finally learn? They really treat Solana like an ATM, thinking they can make money just by pushing a coin. Politicians + crypto = certain collapse. When did this formula come into play? Why don’t I have it? Come on, next time there’s another fool to take the bait, gamblers never stop.

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SignatureVerifier

· 01-13 08:57

ngl the validation gap here is absolutely criminal. they slapped a political name on it and nobody bothered checking the actual tokenomics? insufficient auditing at best, potential rug vector at worst. $600m in—literally zero-day waiting to happen. tbh this is what happens when people skip the technical due diligence and just chase clout.

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NullWhisperer

· 01-13 08:51

ngl, $NYC hitting 6 figures then imploding is the most predictable edge case ever. literally textbook rug with extra steps lmao

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HodlOrRegret

· 01-13 08:35

It's the same old story of politicians reaping profits again.

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GameFiCritic

· 01-13 08:34

Politicians harvesting profits is truly a masterstroke; a $600 million valuation collapsing just like that, this tokenomics model was doomed from the start.

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