The token of New York’s ex-mayor faceplanted hard.
By Maxime Laurent · 2026-01-13 11:03
The token of New York’s ex-mayor faceplanted hard.
Launched with big ideals, it pumped to ~$600M market cap, then nuked nearly 80% in record time.
The protagonist here is Eric Adams. A loud crypto supporter, the guy who proudly took his mayor salary in $BTC and once dreamed out loud about Bitcoin bonds for New York. This time, he tried something different: a personal token, wrapped in good intentions — fighting antisemitism, anti-Americanism, funding education.
The market listened… briefly. Then reality hit. Fast pumps built on narratives and names rarely age well. No clear structure, no long-term trust, just hype and momentum — and gravity always wins.
I don’t think this kills Adams’ pro-crypto image, but it’s a reminder. Crypto doesn’t care about titles. Mayor, ex-mayor, superstar — everyone faces the same brutal truth: bad tokenomics get punished. Cash.
$BTC keeps doing its slow, boring, resilient thing. Everything else? Much more fragile.
#Bitcoin #BTC #CryptoNews #TokenCrash #MarketLessons 📉🗽
Launched with big ideals, it pumped to ~$600M market cap, then nuked nearly 80% in record time.
The protagonist here is Eric Adams. A loud crypto supporter, the guy who proudly took his mayor salary in $BTC and once dreamed out loud about Bitcoin bonds for New York. This time, he tried something different: a personal token, wrapped in good intentions — fighting antisemitism, anti-Americanism, funding education.
The market listened… briefly. Then reality hit. Fast pumps built on narratives and names rarely age well. No clear structure, no long-term trust, just hype and momentum — and gravity always wins.
I don’t think this kills Adams’ pro-crypto image, but it’s a reminder. Crypto doesn’t care about titles. Mayor, ex-mayor, superstar — everyone faces the same brutal truth: bad tokenomics get punished. Cash.
$BTC keeps doing its slow, boring, resilient thing. Everything else? Much more fragile.
#Bitcoin #BTC #CryptoNews #TokenCrash #MarketLessons 📉🗽
Disclaimer: This content is for informational purposes only and not financial advice.