Eric Adams debuts Solana NYC Token: The Civic Virtue Liquidity Trap
The political narrative surrounding SOL tokens often masks the harsh reality of speculative market mechanics. 💧YC Token Fallout: A Cynical Look at 'Civic Virtue' and the Inevitable Liquidity Trap Well, here we are again. Another day, another celebrity-adjacent crypto project promising lofty ideals while delivering anything but. This time, it's former New York City Mayor Eric Adams stepping into the digital asset arena, unveiling the "NYC Token" on January 12, 2026. Pitched as a philanthropic venture to bolster education and combat societal ills, the token quickly spiraled, leaving a familiar stench of speculative chaos and frustrated retail investors. The initial 730M valuation for the SOL token evaporated as speculative capital sought safer havens. 🔗 Adams, no stranger to crypto grandstandi...