Let Your Buyers Become Your Criers When You Pull The Rug Out From Beneath The Table Of Success

I have some unsurprising news: Former New York City Mayor Eric Adams launched a memecoin to combat antisemitism, and someone connected to the coin's launch appears to have executed a clean rug pull within an hour of its launch, making off with roughly $1 million, cratering the coin's value. Maybe they felt antisemitism had been solved?

Adams first teased the project just before New Year's, then on Monday announced the launch of NYC Token, which he said is "built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York City." In a hype video, a cab driver asks Adams "You got some of that NYC Token?" to which Adams replies, "We'll get you some brother. This thing is about to take off like crazy." He explained further in a characteristically baffling interview with Fox Business, saying the proceeds from the token's sale would be divided equally between the aforementioned initiative, a scholarship fund for underprivileged communities, and crypto education for New York City youths. During the interview, Adams repeatedly referred to it as "block change" technology, complained about the California wealth tax issue, and leapt over the following logical gap:

Let's look at the best use case of blockchain: Walmart. Walmart is using blockchain right now to deal with their tracking of food and tracking of the goods in their stores. It is transparent, anyone can see it, and when you look at this coin, our New York City Coin, the money that is generated from this coin, we're going to zero in on how do we stop this massive increase of antisemitism across our country and across the globe, really, and how do we deal with the increase in anti-Americanism?