PANews reported on January 13 that, according to Bubblemaps analysis, the NYC token launched by former New York City Mayor Eric Adams, through the wallet 9Ty4M associated with the token deployer, created a one-sided liquidity pool on the Meteora platform. At the peak of the price, approximately $2.5 million USDC was withdrawn, and only about $1.5 million was re-injected after the token value dropped by 60%, resulting in a net profit of approximately $1 million.