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NYC Token: We are aware of the "Liquidity Removal" reports and have added funds to the liquidity pool
BlockBeats News, January 13th. In response to the rapid surge and pullback of the NYC Token after its listing, which attracted community attention, the project issued a statement on Platform X clarifying that due to the token's initial online surge in market support and demand beyond expectations, NYC Token partners performed a liquidity pool rebalancing operation. The team has now taken note of community reports regarding partial "liquidity removal," initiated a TWAP fund-raising process, added funds to the liquidity pool, and emphasized that their team will be committed to the long-term development of the project.
Previously reported, former New York City Mayor Eric Adams announced the launch of a cryptocurrency called "NYC Token" after leaving office, stating that the project aims to raise funds to combat anti-Semitism, anti-American sentiment, and promote children's blockchain education. Adams introduced the token to the public at Times Square without disclosing partners, issuance time, fund usage, or specific mechanisms, only stating that ordinary New Yorkers can participate in the investment.
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