NYC Token project experienced a large sell-off within just 25 minutes of launch, with involved participants profiting approximately $3.5 million through quick liquidation. This operation has raised questions about the project's transparency and potential conflicts of interest among participants. Does such massive profit within a short period comply with securities regulations and cryptocurrency regulatory frameworks? This incident once again exposes the potential risks during the initial stages of some projects, and investors should be cautious of similar liquidity traps and information asymmetry issues.