Eric Adams has made his first main public transfer since leaving the New York Metropolis Mayor’s Workplace, launching a New York Metropolis–themed crypto token aimed toward addressing antisemitism and “anti-Americanism.”
In a submit to X on Monday, Adams introduced the launch of the NYC Token, with a hyperlink to an internet site that claims it additionally goals to encourage the following wave of innovation in NYC.
“I at all times say there are two forms of Individuals, those that stay in New York and people who want they may,” Adams stated in a video, including that “We’re about to vary the sport.”
“If you cannot make it to New York, we’ll convey New York to you,” Adams stated, suggesting that the NYC-themed token was poised to “take off like loopy.”
Proud to launch @buynyctoken, a brand new token constructed to struggle the speedy unfold of antisemitism and anti-Americanism throughout this nation and now in New York Metropolis.
Now stay at https://t.co/zowY9Ri3aK pic.twitter.com/qBMzV88Tmj
— Eric Adams (@ericadamsfornyc) January 12, 2026
In an interview with FOX Enterprise, Adams explained that proceeds from the NYC Token would supply funding to non-profits to boost consciousness about antisemitism and anti-Americanism by way of education schemes. It is going to even be used to fund training about blockchain and crypto and help scholarships for NYC college students in underserved communities.
“[There’s a] wave of anti-Americanism that’s sweeping not solely on Ivy League faculty campuses however within the cities, so the aim is how will we use blockchain expertise with this token, and a considerable sum of money raised from this token goes to struggle these initiatives.”
NYC Token plunges quickly after launch
Adam’s new memecoin, nevertheless, noticed a rocky launch.
DEXScreener data reveals that the Solana-based token fell from $0.47 to the $0.10 roughly half-hour after launching, with the market cap falling from close to $500 million to lower than $110 million on the time of writing.
There are additionally unverified accusations that the staff behind the token has intentionally removed liquidity, with crypto analyst Rune citing blockchain knowledge suggesting buyers have been scammed out of greater than $3.4 million.
Cointelegraph reached out to Adams for remark however didn’t obtain a right away response.
Questions stay over what’s subsequent for the NYC token
The NYC Token web site supplies little data on the challenge’s course. The web site’s “Purchase NYC Token” and “Learn Whitepaper” buttons additionally at present don’t work.
Nevertheless, data on its tokenomics states that 40% of the NYC tokens are allotted to group rewards, 25% to liquidity, 15% to improvement, and the remaining 20% break up between advertising and marketing and the staff.
The web site additionally means that Adams could pursue greater than a token launch, stating: “We’re making a decentralized monetary ecosystem that is as formidable as town itself.”
NYC has taken a change in course
Adams was formally changed by Zohran Mamdani on Jan. 1 following Mamdani’s victory over crypto advocate and former New York governor Andrew Cuomo on Nov. 4.
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Adams was one of the crucial pro-crypto mayors within the US when main the mayor’s workplace and was well-known for changing a few of his earliest paychecks into crypto.
Mamdani, nevertheless, adopts a much more anti-capitalist stance, a place that has drawn criticism from many within the crypto trade, with some warning that his management might drive tech expertise out of town.
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