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.
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LiquidationWatcher
· 12h ago
Typical celebrity effect to harvest retail investors, dropping from 170M to 11M... This is the crypto world.
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fren.eth
· 12h ago
Hmm... from 170M to 11M, the drop is incredible, really a roller coaster ride.
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rug_connoisseur
· 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
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BrokenRugs
· 12h ago
Haha, same old trick, another celebrity coin. Once it's burned, it's gone.
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.