A former NYC Mayor recently ventured into crypto by launching his own token dubbed $NYC. The project saw explosive early traction, reaching a $170M market cap on its first day. However, the momentum didn't hold—the token has since experienced a sharp correction and now sits around $11M based on CMC data. A classic case of initial hype meeting market reality in the crypto space.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
LiquidationWatchervip
· 12h ago
Typical celebrity effect to harvest retail investors, dropping from 170M to 11M... This is the crypto world.
View OriginalReply0
fren.ethvip
· 12h ago
Hmm... from 170M to 11M, the drop is incredible, really a roller coaster ride.
View OriginalReply0
rug_connoisseurvip
· 12h ago
170M drops to 11M, this is what we often call the "former mayor cash-out scheme," hilarious, the celebrity effect is just like that
View OriginalReply0
BrokenRugsvip
· 12h ago
Haha, same old trick, another celebrity coin. Once it's burned, it's gone.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)