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Former New York City Mayor Rug Pulls Community? Eric Adams' NYC Token Plunges 81%
(finance.yahoo.com)
this post was submitted on 13 Jan 2026
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One can only wonder.
Yeah so this is classic rug pull. Hype, get it into retail, have automated buy in, pull liquidity. Maybe put it back a bit and pocket the fees for retail going crazy.
I read somewhere on here someone say "people wouldn't have enough time to get scammed." A lot of this is all bots buying, including small time players who are just using something like Freqtrade python scripts for buying and selling. No one is doing actual research, they're just a program watching microtransactions. Thirty minutes is eternity.
But yeah, this is exactly why you see so many bros so strong on this and why politicians and Governments are getting into it. The early days are like the early days of completely unregulated stock markets. It's cash grabs everywhere. Down the road, there's going to be this moment of ladder pulling to "keep everyone safe".