Former New York City Mayor Eric Adams launched a new cryptocurrency called NYC Token on January 12. The token immediately spiked and then collapsed after an account linked to the token withdrew $2.5 million. Adams, a longtime crypto enthusiast, now faces accusations that the launch was a “rug pull”: a common crypto scam where insiders hype a token and then quietly cash out. NYC Token’s Launch And Collapse Within minutes of going live, the token, built on the Solana blockchain, reached a market value of $600 million. The New York
TV personality Steve Harvey might have just helped cryptocurrency Solana increase its value in price, which started at $37 last month and is now up to $197 as of yesterday, without even realizing it. On Thursday, the comedian and presenter swapped out his old profile picture for a unique Solana Monkey Business NFT – the picture is part of a collection of cartoonish, pixelated monkeys generated randomly. An NFT provides ownership of almost every type of digital item and now profile picture collections are on the rise in the space.
