The founder of Uniswap, Hayden Adams, harshly criticized the recent NYC token launch, promoted by former New York City Mayor Eric Adams. Via the social network X, the DeFi leader described the project’s management as “stupid and irresponsible” after suspicious on-chain movements were detected. Adams reacted this way to reports from analysts who warned about the withdrawal of millions of dollars in liquidity just hours after the token began trading on the Solana network.
The incident generated strong backlash within the industry, as the NYC Token launch was initially presented as a civic initiative to fund social causes. However, opacity in fund management and unrealistic promises undermined investor confidence. Experts point out that these types of maneuvers, linked to political figures and celebrities, tarnish the reputation of the crypto ecosystem and distract from projects with real utility and transparent governance structures.
The market awaits an official response from Eric Adams regarding the “rug pull” or exit scam accusations. For now, investors should closely monitor on-chain trackers to verify if liquidity is restored or if the project is heading toward a total collapse. The builder community emphasizes that any NYC Token launch or similar asset must keep pools intact and offer a clear roadmap to avoid serious legal and financial repercussions.
Source:https://x.com/runecrypto_/status/2010847811781230781
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