[Former New York City Mayor Eric Adams Claims He Did Not Profit from the Launch of Meme Coin NYC Token] According to Bloomberg, former New York City Mayor Eric Adams issued a statement through his spokesperson denying that he profited from the recently launched Meme coin NYC Token. He also called reports claiming he transferred funds from the token “false information.” The price of NYC Token surged to 58 cents shortly after its launch but quickly plummeted to below 10 cents, sparking concerns among market observers about it being a potential “rug pull” scam. Adams’ statement emphasized that he did not move any investor funds nor profit from the token’s launch. The token’s website describes it as a “community” cryptocurrency representing the energy of New York City, but it has no affiliation with the New York City government or any other official institution. It remains unclear who else was involved in the token’s issuance.