Former NYC Mayor Eric Adams recently entered the crypto space by launching a token project, positioning it around fighting 'antisemitism and anti-Americanism.' Sounds ambitious, right?

Well, the market had other ideas. The token tanked hard—dropping over 81% from its all-time high, leaving early supporters nursing significant losses.

It's a stark reminder of how volatile and risky these politically-backed crypto ventures can be. When hype meets reality, the price action often tells the real story.