defi
Eric Adams-Backed NYC Token Rocked by Rug Pull Allegations

TL;DR:
A wallet linked to the NYC token deployer removed about $2. 5 million in USDC liquidity, according to on-chain analysts.
Key Points:
Background:
Decentralized Finance (DeFi) refers to financial services built on blockchain networks without traditional intermediaries.
Why It Matters:
This development could influence ADA price action and market sentiment in the near term.