Suspected internal wallet bought $NYC in advance but still lost nearly $500,000, raising concerns about information leaks

PANews, January 13th – According to disclosures from Bubblemaps, an address injected funds from an exchange and purchased $NYC within 10 minutes before the contract was announced, suspected to be an insider. Although the address once had an unrealized profit of $250,000, it ultimately suffered a loss of $477,000 due to not selling in time. $NYC was launched by former New York City Mayor Eric Adams, reaching a peak market cap of $600 million. Subsequently, the team removed $2.5 million in liquidity, causing the token price to plummet by 70%.