Following Trump and Melania, Former New York City Mayor Unveils the Latest Meme Coin

Jakarta, Pintu News – Former Mayor of New York City, Eric Adams, has reportedly entered the crypto world with the bold launch of a meme coin. The meme coin, named NYC Token, was launched with the primary aim of countering rising anti-American sentiment and antisemitism.

Adams also stated that the funds raised from this project will be used to educate children about blockchain technology and other innovations.

Eric Adams’ meme coin is now a strong contender for other political-themed tokens like TRUMP and MELANIA. The launch of NYC Token marks the latest chapter in an increasingly close relationship between the political and crypto worlds, and news of the coin is starting to catch the attention of investors and the media.

Meme Coin News: Eric Adams Launches NYC Token

According to a recent report, former Mayor of New York City, Eric Adams, has launched his own meme coin called NYC Token. However, instead of just being a token for profit, Adams calls this coin a “commemorative asset”, with a primary focus on social issues.

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Adams introduced the meme coin project on Monday at a press event in Times Square. He described the token as a crypto project with a civic purpose. In his statement, Adams explained that the token aims to counter anti-American sentiment and antisemitism, while providing education about blockchain technology.

It is reported that NYC Token has a total supply of one billion coins. Of these, 80 million coins are available for trading at launch, and the circulation will be expanded to 300 million coins in the near future. The project’s goals include supporting crypto education for the younger generation, providing scholarships for students from underprivileged communities, and other social initiatives.

However, the project has been criticized for not including important information such as who the project partners are and the absence of a whitepaper on the official website. This has prompted questions from observers regarding the transparency and ethical basis of the project.

Liquidity Concerns Trigger Rug Pull Allegations

Shortly after its launch, the NYC token soared to a market capitalization of $580 million, reflecting the high level of interest from retail investors and market participants in this meme coin.

However, not long after, the Solana (SOL)-based token plummeted by more than 80%, with the market capitalization touching $730 million, then dropping to $90 million. Even so, the token later managed to recover to above $110 million.

The former New York City Mayor’s meme coin project immediately faced a major change in liquidity, which raised doubts about the token’s structure and management.

According to analytics firm Bubblemaps, a wallet connected to the developers of NYC Token was found to have withdrawn around $2.5 million in USDC from the token’s liquidity when its price was at its peak. About $1.5 million was then returned when the token price had dropped by about 60%.

Researchers reported that a wallet with ID 9Ty4M created a one-sided liquidity pool on the Meteora platform, withdrawing $2.5 million, and then returning $1.5 million after the token value dropped.

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This action raises strong suspicions of a rug pull – a scheme where developers withdraw investor funds suddenly, leaving the project in a state of collapse.

Political Coin Memes: From Trump and Melania to NYC Tokens

Interestingly, NYC Token has now joined the ranks of politically connected meme coins, along with Donald Trump’s TRUMP and Melania Trump’s MELANIA. These coins typically combine celebrity influence with crypto speculation, attracting attention from both political supporters and investors.

The launch of the NYC Token reportedly coincides with the declining popularity of TRUMP Coin, which is said to be “dying.” TRUMP has experienced a continuous downward trend in recent weeks, and is currently trading at $5.39.

In contrast, the MELANIA crypto coin has experienced a recent surge in positive sentiment, with a price increase of 10% in a single day. Over the past week, the token gained 24%, and in the past month it jumped by 54%, showing a significant growth trend.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bitcoin Magazine. Eric Adams’ NYC Token Crashes 80% in Hours, Offering a Stark Lesson in Why Bitcoin Is Different. Accessed on January 14, 2026
• Coingape. Just In: After Trump and Melania, NY Mayor Announces New Meme Coin. Accessed on January 14, 2026

*Featured Image: DL News