Ex-NYC Mayor Eric Adams Denies Moving Money Out of Controversial Token
Former New York City mayor Eric Adams rejected claims that he or his team pulled investor money from the NYC Token after the Solana-based memecoin imploded. His spokesperson said on Jan. 14, 2026 that there was “no movement of investor funds,” even as on-chain tracking highlighted large liquidity flows around the crash.
New NYC Mayor Mamdani Says He Holds No Crypto, Will Not Buy Adams’ Memecoin
New York City Mayor Zohran Mamdani said on that he holds no cryptocurrency and will not invest in the memecoin tied to former Mayor Eric Adams. The timing matters because it landed immediately after a high-volatility token debut, creating a clear separation between the current administration’s posture and a politically branded crypto launch.
Former New York Mayor Launches ‘NYC Token’ — Price Falls 80% within Minutes
A token launched by the former New York mayor, Eric Adams, plunged roughly 80% within minutes of its public debut on NYC Token official website, highlighting extreme headline-driven volatility and execution risk.