New Rival for TRUMP and MELANIA? Former NYC Mayor Eric Adams Launches His Own Meme Coin

The crypto world has a new political player. Former New York City Mayor Eric Adams surprised the public by announcing the launch of his own meme coin called NYC Token. This cryptocurrency positions itself as a response to rising anti-American sentiment and antisemitism, while also aiming to support blockchain education among young people.

A Meme Coin With a Mission: Education and Civic Engagement During a press conference in Times Square, Eric Adams described his project as a “commemorative cryptocurrency” intended to serve the public interest. He claims that proceeds from NYC Token will be used to: 🔹 Advance blockchain education

🔹 Provide scholarships for underprivileged students

🔹 Combat antisemitism and anti-American attitudes The token, which runs on the Solana platform, has a total supply of 1 billion tokens, with 80 million made available at launch. Circulating supply is expected to expand to 300 million soon.

Boom… and Bust: Liquidity Raises Eyebrows NYC Token’s first few days were a rollercoaster. Market capitalization soared to $580 million, only to crash to below $100 million shortly after. The token lost over 80% of its value before partially recovering. Analytics platform Bubblemaps flagged suspicious liquidity movements. A wallet linked to the token’s deployer reportedly withdrew $2.5 million in USDC liquidity near the price peak, later returning $1.5 million after the token’s price dropped. These actions have sparked fears of a rug pull — a scheme where liquidity is drained for profit.

Politics + Crypto: The Trend Continues NYC Token now joins the ranks of other well-known political meme coins, including TRUMP and MELANIA. These cryptocurrencies blend celebrity branding with meme culture and market speculation, attracting both investors and political supporters. While the TRUMP token has seen a downtrend in recent weeks and is currently trading around $5.39, MELANIA is enjoying renewed optimism, with its price up 10% in the past 24 hours, 24% over the week, and 54% over the month. The big question: Will NYC Token be just another meme-fueled flash in the pan, or can it become a true vehicle for change?

#memecoins , #TRUMP , #Melania , #CryptoMarket , #solana

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