On January 15, 2026, a spokesperson for former New York City Mayor Eric Adams issued a strong denial regarding accusations that Adams or his team profited from or removed liquidity from the NYC Token ($NYC) shortly after its Monday launch.
Todd Shapiro, Adams’ spokesperson, posted the following statement on X:
“To be absolutely clear: Eric Adams did not move investor funds. Eric Adams did not profit from the launch of the NYC Token. No funds were removed from the NYC Token.”
Shapiro described the rug-pull claims as “false and unsupported by evidence” and attributed the token’s over 80% drop in the first hour to normal “market volatility.”
The denial appears to contradict an earlier statement from the official NYC Token X account, which explained that the team had to “rebalance the liquidity” due to unexpectedly high demand at launch and subsequently “added more funds to the liquidity pool.”
This discrepancy has fueled continued skepticism in the community, with many traders and analysts still questioning whether the rebalancing constituted an effective liquidity withdrawal.
In a recent interview with FOX Business, Eric Adams explained that any proceeds from the NYC Token would be directed toward:
Shapiro reiterated that Adams’ position on these charitable goals “remains unchanged” despite the controversy surrounding the token’s launch.
According to DEXScreener data (Solana-based token):
The token has stabilized around the $0.13 level since the initial collapse and shows relatively low volatility in recent hours.
The episode continues to generate significant discussion on X, with sentiment ranging from:
No formal regulatory action has been announced by the SEC, CFTC, or NY AG office as of January 15, 2026, 10:18 AM PKT.
