Crypto coin peddled by Eric Adams denies allegations of ‘rug-pull’ scam

The rapid fluctuations in the value of NYC Token raise significant questions about the integrity of its launch and the motivations of its creators. The term 'rug pull' is particularly concerning in the cryptocurrency space, as it implies a deliberate deception aimed at profiting at the expense of investors. This incident could have broader implications for regulatory scrutiny in the crypto market, especially for projects associated with public figures.