Decrypt:

The NYC token, launched by ex-New York City Mayor Eric Adams on January 12, saw its market cap drop from ~$600M to ~$100M after suspicious liquidity activity  —  On-chain data shows unexplained liquidity withdrawals as Eric Adam's NYC token's market cap continues to bleed.  —  In brief

Decrypt:

The NYC token, launched by ex-New York City Mayor Eric Adams on January 12, saw its market cap drop from ~$600M to ~$100M after suspicious liquidity activity  —  On-chain data shows unexplained liquidity withdrawals as Eric Adam's NYC token's market cap continues to bleed.  —  In brief

Source: TechMeme
Source Link: http://www.techmeme.com/260113/p2#a260113p2