FORMER NYC MAYOR MEMECOIN COLLAPSE The Eric Adams--linked memecoin $NYC briefly reached \~$500M market cap before liquidity was pulled. Outcome: --80% drawdown, market cap below $100M. On-chain data indicates \~$3--3.5M extracted from liquidity pools. This wasn't normal volatility
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FORMER NYC MAYOR MEMECOIN COLLAPSE The Eric Adams--linked memecoin $NYC briefly reached \~$500M market cap before liquidity was pulled. Outcome: --80% drawdown, market cap below $100M. On-chain data indicates \~$3--3.5M extracted from liquidity pools. This wasn't normal volatility