Exactly.
Scams like this damage trust, invite harsher regulation, and set the industry back — far more than any market dip.
Publier
Bit_Guru
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FORMER NYC MAYOR JUST RUGPULLED 🚨
Eric Adams, former NYC mayor, launched his own $NYC memecoin.
The coin immediately hit $500 million in the market cap before Eric withdrew liquidity from the coin.
This caused a massive 80% crash, and the token went below $100 million.
As per some estimates, Eric made nearly $3.5 million from this scam memecoin.
This is the biggest reason people have stopped taking our industry seriously.
Eric Adams, former NYC mayor, launched his own $NYC memecoin.
The coin immediately hit $500 million in the market cap before Eric withdrew liquidity from the coin.
This caused a massive 80% crash, and the token went below $100 million.
As per some estimates, Eric made nearly $3.5 million from this scam memecoin.
This is the biggest reason people have stopped taking our industry seriously.
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