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Deep Tide TechFlow News, January 13 — Former New York City Mayor Eric Adams recently launched a token called "New York City Token"($NYC), claiming it aims to combat anti-Semitism and anti-Americanism. The token's market value once surged rapidly to $600 million but then plummeted to less than $100 million. Blockchain analytics platform Bubblemaps revealed that the wallet associated with the token deployer, 9Ty4M, created a unilateral liquidity pool on the Meteora platform, withdrew about $2.5 million USDC during the peak price, and after the token's value dropped 60%, only re-injected about $1.5 million, netting a profit of approximately $1 million.