[NYC Project Team Extracts Over $1 Million Through USDC Cycling, Market Cap Drops from $600M to Below $100M] Odaily Planet Daily News – According to monitoring by Bubblemaps, the NYC token launched by former New York City Mayor Eric Adams has shown suspicious liquidity provider (LP) activity. The project team extracted over $1 million by cycling USDC in and out of the liquidity pool. The market cap of NYC once reached $600 million but later dropped to below $100 million. A wallet associated with the NYC deployer, 9Ty4M (9Ty4...), created a single-sided LP on Meteora. This address removed approximately $2.5 million USDC at a price peak and re-added approximately $1.5 million USDC after a 60% price drop.