NYC token linked to former NYC Mayor Eric Adams experienced extreme volatility: the token skyrocketed to a $600M market cap before collapsing below $100M. Chain data reveals a wallet associated with deployer 9Ty4M orchestrated this movement—it supplied one-sided liquidity on Meteora DEX, extracted approximately $2.5M USDC near the peak, and subsequently re-injected roughly $1.5M back into the pool. The pattern raises questions about liquidity management and token distribution dynamics in recently launched projects.
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ColdWalletAnxiety
· 18h ago
It's the same old trick again, pretending while pulling... This manipulation is really blatant.
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ResearchChadButBroke
· 18h ago
Another classic pull the rug trick, this time disguised as NYC Mayor...
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ProveMyZK
· 18h ago
A typical pump-and-dump script, once again the deployer playing tricks... $600M down to $100M, how can anyone still dare to buy the dip?
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Web3Educator
· 18h ago
lmao the classic liquidity pump & dump playbook... as i always tell my students, this is exactly why you gotta understand order book mechanics before yolo'ing into these launches. the $2.5M extraction near peak? textbook extraction pattern. fundamentally speaking, one-sided liquidity is basically asking to get rugged fr fr
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MemeCurator
· 19h ago
It's the same old trick again, from $600M down to $100M, a typical rug pull prelude. $2.5M USDC was taken, and yet they pretend to be the good guys by sending back $1.5M... Is this deployer treating retail investors like fools?
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NewPumpamentals
· 19h ago
It's the old trick again; liquidity market making is just a cover for cutting leeks.
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BagHolderTillRetire
· 19h ago
The methods of running away are becoming more and more competitive; after stealing, they just stuff it back in to fool people.
NYC token linked to former NYC Mayor Eric Adams experienced extreme volatility: the token skyrocketed to a $600M market cap before collapsing below $100M. Chain data reveals a wallet associated with deployer 9Ty4M orchestrated this movement—it supplied one-sided liquidity on Meteora DEX, extracted approximately $2.5M USDC near the peak, and subsequently re-injected roughly $1.5M back into the pool. The pattern raises questions about liquidity management and token distribution dynamics in recently launched projects.