Concerns are growing within the cryptocurrency community over former New York City Mayor Eric Adams’ newly launched NYC token, as on-chain data revealed a sharp liquidity withdrawal after its launch. The move prompted some community members to speculate about the possibility of a rug pull. However, the team clarified that the liquidity movements were part of a rebalancing process. What is Former Mayor Eric Adams’ NYC Token? According to media reports, Adams unveiled the “NYC Token” during a press event in Times Square on Monday
source: https://beincrypto.com/eric-adams-nyc-token-liquidity-centralization/