[Former New York Mayor Eric Adams Claims No Profit from Promoted NYC Token] According to a report by Golden Finance, former New York Mayor Eric Adams stated that he did not profit from the issuance of the NYC Token meme coin he promoted. The token saw a sharp price surge after its launch on Monday but quickly plummeted, prompting crypto market observers to compare it to a 'rug pull.' The former mayor of New York issued a statement through his spokesperson Todd Shapiro, asserting that reports claiming Adams transferred funds from the NYC Token are 'false.' 'Rug pull' is slang in the crypto space, referring to situations where project creators withdraw or sell off a large amount of tokens without explanation, often leading to a rapid collapse in value following a brief price spike.