A politician from a certain city launches NYC token that crashes immediately: 81% plummet in 30 minutes, over $3.3 million in liquidity becomes a mystery
【Crypto World】A token project that focuses on funding anti-hate and blockchain education has recently become a cautionary tale in the crypto community. The project’s performance after launch was disastrous—within just 30 minutes, its market cap plummeted from nearly $600 million to around $100 million, a decline of nearly 81%.
On-chain data revealed the problem. According to blockchain analysis, approximately $2.43 million in liquidity was withdrawn by a wallet linked to the project deployer. Even more outrageous, about $932,000 of funds have an unknown destination and completely disappeared in transactions. The total abnormal outflow exceeding $3.3 million has directly landed this project on the infamous “exit scam” blacklist in the crypto community.
This incident serves as a reminder to investors that even projects endorsed by celebrities should be approached with caution. While on-chain transparency helps expose issues, such lessons often come too late for participants.
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AirdropChaser
· 01-13 17:53
Another celebrity pump? Crashed 81% in 30 minutes, I can't stop laughing
Same old trick, on-chain data reveals everything
3.3 million just gone, how many people lost out
Celebrity endorsements are useless, they still run away
This lesson is too costly, it's safer to stick with meme coins
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MEVHunterNoLoss
· 01-13 09:10
Is it another celebrity coin crash? How bad is this scam?
Wait, 3.3 million evaporated directly? How ruthless is that?
Even the USD white paper can't stop the urge to run away.
Celebrity endorsement = insurance? Come on, wake up.
81% in 30 minutes, I didn't even react before it was gone.
This is the advantage of on-chain transparency — you can see clearly how you're being exploited.
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PanicSeller
· 01-13 08:59
Uh, is this another celebrity pump? Truly impressive
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81% in 30 minutes, how much can you really profit?
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3.3 million disappeared? You can check on the blockchain, yet you still dare to play like this
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Honestly, celebrity endorsements are even more dangerous, right?
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Liquidity was directly withdrawn? Isn't this just a clear exit scam?
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Another negative example, everyone should be more cautious
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930,000 vanished out of nowhere, this move is really impressive
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Blockchain transparency is useless; those who got in early have already lost money
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Celebrity projects are no good either, no matter who endorses them
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MetaverseHermit
· 01-13 08:58
Celebrity endorsement? I scoff at that, it's just a joke.
But it's the old trick again; who would still be fooled?
3.3 million ran away, and it's all clearly visible on the chain.
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JustHereForAirdrops
· 01-13 08:52
Here we go again, daring to endorse with celebrity backing?
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Another blacklisted scammer, 3.3 million just gone like that
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81% in 30 minutes, how outrageous is that haha
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Blockchain transparency is a joke, I've seen through it long ago
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Celebrities can't save bad projects either, should have learned their lesson
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3.3 million evaporated, on-chain data can't even prevent insiders
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I told you not to touch coins from political figures
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Another show, too bad the money is gone
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The lesson learned from spending 3.3 million, is it worth it?
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From 600 million to 100 million, this speed is incredible
A politician from a certain city launches NYC token that crashes immediately: 81% plummet in 30 minutes, over $3.3 million in liquidity becomes a mystery
【Crypto World】A token project that focuses on funding anti-hate and blockchain education has recently become a cautionary tale in the crypto community. The project’s performance after launch was disastrous—within just 30 minutes, its market cap plummeted from nearly $600 million to around $100 million, a decline of nearly 81%.
On-chain data revealed the problem. According to blockchain analysis, approximately $2.43 million in liquidity was withdrawn by a wallet linked to the project deployer. Even more outrageous, about $932,000 of funds have an unknown destination and completely disappeared in transactions. The total abnormal outflow exceeding $3.3 million has directly landed this project on the infamous “exit scam” blacklist in the crypto community.
This incident serves as a reminder to investors that even projects endorsed by celebrities should be approached with caution. While on-chain transparency helps expose issues, such lessons often come too late for participants.