Eric Adams, the former New York City mayor, has launched the NYC Token as a new NYC memecoin.
He made the announcement on X on Monday. He also shared a link to the project’s website.
Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀
In a video, Adams tied the NYC Token to the city’s identity.
“I always say there are two types of Americans, those who live in New York and those who wish they could,”
he said.
He also described the token as a way to bring the city to outsiders.
“If you can’t make it to New York, we’re going to bring New York to you,”
Adams said.
NYC Token Plan: Eric Adams Says Proceeds Will Fund Nonprofits and Student Support
In an interview with FOX Business, Eric Adams said the NYC Token would raise money for nonprofits. He said the proceeds would fund education programs focused on antisemitism and anti-Americanism.
He also linked the Solana token to crypto education. He said the project would support education about blockchain and crypto.
He added that it would support scholarships for New York City students in underserved communities.
Adams described the purpose in direct terms. “There’saThere’s a wave of anti-Americanism that is sweeping not only on Ivy League college campuses but in the cities,” he said.
He said the goal was to use blockchain technology and direct “a substantial amount of money” to fight those initiatives.
NYC Token Price Slide: DEXScreener Data Shows Sharp Drop Minutes After Launch
Soon after the launch, DEXScreener data showed a fast decline in price for the NYC Token. The report said the Solana token fell from $0.47 to about $0.10 roughly 30 minutes after launch.
The drop also hit market value. The report said the market cap fell from near $500 million to less than $110 million at the time of writing.
At the same time, claims about liquidity spread on social media. The report described unverified accusations that the team removed liquidity.
Crypto analyst Rune cited blockchain data and claimed investors lost more than $3.4 million.
NYC Token Website Gaps: Broken Buttons and Tokenomics Percentages Add Scrutiny
The NYC Token website offered limited project detail, according to the report. The “Buy NYC Token” button did not work at the time of writing. The “Read Whitepaper” button also did not work.
However, the site published NYC Token tokenomics. It said 40% of tokens go to community rewards. It also listed 25% for liquidity and 15% for development.
The remaining 20% was split between marketing and the team, the report said. The site also used broad language about a “decentralized financial ecosystem.” The report did not cite further details on how that would work.
New City Hall Chapter: Zohran Mamdani Replaces Eric Adams After Jan. 1
Eric Adams left office and Zohran Mamdani replaced him on Jan. 1, according to the report. The report said Mamdani won after beating Andrew Cuomo on Nov. 4.
The report described Cuomo as a crypto advocate and a former New York governor. It also described a change in political tone around crypto.
Adams had built a public profile as a pro-crypto mayor, the report said. It also said he converted some of his earliest paychecks into crypto.
The report added that Mamdani holds a more anti-capitalist stance, which has drawn criticism from parts of the crypto industry.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 13, 2026 • 🕓 Last updated: January 13, 2026
