NYC Token Issuance Collapses: The Truth Behind the Surge and Crash

OnChainDetective · 2026-01-14T22:40:10+00:00

Recently, after the New York token project was launched, it experienced extreme fluctuations, with prices rapidly rising and then sharply falling, attracting market attention. Experts point out that this is a typical pump-and-dump scam, warning investors to pay attention to project transparency and risk awareness.

OnChainDetective

2026-01-14 22:40:10

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【Crypto World】Recently, a token project related to New York experienced a “roller coaster” market performance after its issuance. The token just launched on Monday with a surge in price, then sharply declined, sparking heated discussions in the market. The involved parties denied profiting from it, claiming that the circulating information about fund transfers “does not match the facts.”

However, market observers have long seen through the pattern—this is a classic rug pull scam. Developers, after gaining enough attention and funds, suddenly withdraw support, causing investors’ funds to evaporate, and the token price to plummet.

Such incidents occur frequently, reminding us to scrutinize project transparency, team background, and liquidity mechanisms before participating in new token projects. The market always offers opportunities, but risk awareness is even more important.

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