Essential Guide: Former Nyc Mayor Eric Adams Launches ‘nyc Token’ Memecoin 2026
The Solana-based NYC Token briefly surged before plunging shortly after launch, with Eric Adams saying proceeds would fund education initiatives.
Eric Adams has made his first major public move since leaving the New York City Mayor’s Office, launching a New York City–themed crypto token aimed at addressing antisemitism and “anti-Americanism.”
In a post to X on Monday, Adams announced the launch of the NYC Token, with a link to a website that says it also aims to inspire the next wave of innovation in NYC.
“I always say there are two types of Americans, those who live in New York and those who wish they could,” Adams said in a video, adding that “We’re about to change the game.”
“If you can't make it to New York, we're going to bring New York to you,” Adams said, suggesting that the NYC-themed token was poised to “take off like crazy.”
Proud to launch @buynyctoken, a new token built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York City.Now live at https://t.co/zowY9Ri3aK pic.twitter.com/qBMzV88Tmj
In an interview with FOX Business, Adams explained that proceeds from the NYC Token would provide funding to non-profits to raise awareness about antisemitism and anti-Americanism through education programs. It will also be used to fund education about blockchain and crypto and support scholarships for NYC students in underserved communities.
DEXScreener data shows that the Solana-based token fell from $0.47 to the $0.10 roughly 30 minutes after launching, with the market cap falling from near $500 million to less than $110 million at the time of writing.
There are also unverified accusations that the team behind the token has intentionally removed liquidity, with crypto analyst Rune citing blockchain data suggesting investors have been scammed out of more than $3.4 million.
Cointelegraph reached out to Adams for comment but didn’t receive an immediate response.
Source: CoinTelegraph
